Scotiabank set a $90.00 target price on PriceSmart (NASDAQ:PSMT) in a report published on Thursday, February 8th. The firm currently has a sector perform rating on the stock.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of PriceSmart from a hold rating to a buy rating and set a $92.00 price objective on the stock in a report on Saturday, January 13th. TheStreet upgraded shares of PriceSmart from a c+ rating to a b rating in a research report on Monday, October 23rd. Scotia Howard Weill restated a sector perform rating on shares of PriceSmart in a research report on Friday, January 5th. Howard Weil cut shares of PriceSmart from a sector outperform rating to a sector perform rating in a research report on Friday, January 5th. Finally, Ifs Securities raised shares of PriceSmart from a market perform rating to an outperform rating in a research report on Friday, December 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $92.50.
Shares of PriceSmart (NASDAQ PSMT) traded up $2.40 during trading hours on Thursday, reaching $83.25. 147,900 shares of the company traded hands, compared to its average volume of 237,691. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 0.44. The firm has a market cap of $2,531.09, a price-to-earnings ratio of 28.71 and a beta of 1.29. PriceSmart has a 12-month low of $77.50 and a 12-month high of $94.00.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.08). The business had revenue of $767.10 million during the quarter, compared to analyst estimates of $764.67 million. PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. research analysts anticipate that PriceSmart will post 3.2 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, August 14th. This represents a yield of 0.8%. PriceSmart’s dividend payout ratio is currently 24.14%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in PriceSmart by 0.5% during the second quarter. Vanguard Group Inc. now owns 2,026,266 shares of the company’s stock worth $177,501,000 after buying an additional 10,009 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in PriceSmart by 9.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock worth $134,887,000 after buying an additional 132,555 shares during the period. BlackRock Inc. grew its stake in PriceSmart by 0.3% during the fourth quarter. BlackRock Inc. now owns 1,367,489 shares of the company’s stock worth $117,742,000 after buying an additional 3,940 shares during the period. Genesis Asset Managers LLP grew its stake in PriceSmart by 25.2% during the fourth quarter. Genesis Asset Managers LLP now owns 1,135,665 shares of the company’s stock worth $97,781,000 after buying an additional 228,715 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of PriceSmart by 2.3% in the fourth quarter. Renaissance Technologies LLC now owns 683,900 shares of the company’s stock valued at $58,884,000 after purchasing an additional 15,600 shares during the period. Institutional investors own 74.43% of the company’s stock.
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PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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