PriceSmart, Inc. (NASDAQ:PSMT) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $95.00.
PSMT has been the topic of a number of recent research reports. Zacks Investment Research raised PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Saturday, January 13th. Scotiabank cut PriceSmart to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Friday, January 5th. BidaskClub raised PriceSmart from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Ifs Securities raised PriceSmart from a “market perform” rating to an “outperform” rating in a research note on Friday, December 29th. Finally, Scotia Howard Weill reaffirmed a “sector perform” rating on shares of PriceSmart in a research note on Friday, January 5th.
Shares of PSMT stock opened at $81.85 on Wednesday. PriceSmart has a 12-month low of $77.50 and a 12-month high of $94.00. The firm has a market capitalization of $2,467.25, a PE ratio of 28.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.44 and a current ratio of 1.39.
PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.08). PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The company had revenue of $767.10 million for the quarter, compared to the consensus estimate of $764.67 million. During the same period last year, the business posted $0.82 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts forecast that PriceSmart will post 3.2 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, August 14th. This represents a dividend yield of 0.8%. PriceSmart’s payout ratio is presently 24.14%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lombard Odier Asset Management Switzerland SA grew its stake in shares of PriceSmart by 14.1% in the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 278,200 shares of the company’s stock worth $23,953,000 after purchasing an additional 34,400 shares during the last quarter. Swiss National Bank grew its stake in shares of PriceSmart by 4.2% in the fourth quarter. Swiss National Bank now owns 37,000 shares of the company’s stock worth $3,186,000 after purchasing an additional 1,500 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of PriceSmart by 6.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 149,174 shares of the company’s stock worth $13,314,000 after purchasing an additional 8,381 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of PriceSmart by 15.8% in the fourth quarter. Brown Advisory Inc. now owns 350,272 shares of the company’s stock worth $30,159,000 after purchasing an additional 47,736 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of PriceSmart by 3.5% in the third quarter. Wells Fargo & Company MN now owns 282,737 shares of the company’s stock worth $25,235,000 after purchasing an additional 9,433 shares during the last quarter. 77.30% of the stock is currently owned by institutional investors.
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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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