BidaskClub upgraded shares of PriceSmart (NASDAQ:PSMT) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.
Several other research analysts also recently weighed in on PSMT. Zacks Investment Research downgraded PriceSmart from a hold rating to a sell rating in a research note on Wednesday, April 11th. Scotiabank set a $90.00 target price on PriceSmart and gave the company a sector perform rating in a research note on Thursday, February 8th. Scotia Howard Weill reiterated a sector perform rating on shares of PriceSmart in a research note on Friday, January 5th. Finally, Howard Weil downgraded PriceSmart from a sector outperform rating to a sector perform rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. PriceSmart currently has a consensus rating of Hold and a consensus target price of $92.50.
Shares of PSMT stock opened at $90.75 on Wednesday. PriceSmart has a twelve month low of $77.50 and a twelve month high of $93.55. The company has a market capitalization of $2,752.88, a price-to-earnings ratio of 30.45 and a beta of 1.22. The company has a current ratio of 1.42, a quick ratio of 0.54 and a debt-to-equity ratio of 0.11.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, April 5th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.30. PriceSmart had a return on equity of 12.29% and a net margin of 2.45%. The company had revenue of $839.56 million for the quarter, compared to the consensus estimate of $832.43 million. During the same period last year, the business posted $0.90 EPS. equities analysts expect that PriceSmart will post 3.2 EPS for the current year.
The firm also recently declared 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 of this dividend is Tuesday, August 14th. This represents a dividend yield of 0.8%. PriceSmart’s dividend payout ratio (DPR) is presently 23.49%.
In related news, Director Sherry S. Bahrambeygui sold 15,000 shares of PriceSmart stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $88.20, for a total value of $1,323,000.00. Following the sale, the director now directly owns 126,405 shares in the company, valued at $11,148,921. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO William J. Naylon sold 3,975 shares of PriceSmart stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $88.91, for a total value of $353,417.25. Following the completion of the sale, the chief operating officer now owns 37,898 shares in the company, valued at $3,369,511.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,492 shares of company stock worth $1,721,748. Company insiders own 28.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank boosted its position in PriceSmart by 4.2% during 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 in the last quarter. Slow Capital Inc. purchased a new stake in PriceSmart during the fourth quarter worth $996,000. Lombard Odier Asset Management Switzerland SA boosted its position in PriceSmart by 14.1% during 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 in the last quarter. Schwab Charles Investment Management Inc. boosted its position in PriceSmart by 9.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 163,831 shares of the company’s stock worth $14,106,000 after purchasing an additional 14,657 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in PriceSmart by 9.3% during the fourth quarter. California Public Employees Retirement System now owns 44,538 shares of the company’s stock worth $3,835,000 after purchasing an additional 3,797 shares in the last quarter. Institutional investors own 77.97% of the company’s stock.
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PriceSmart Company Profile
PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of October 26, 2017, it operated 40 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 in Trinidad; 3 each in Guatemala, Honduras, and the Dominican Republic; 2 in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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