Shares of PriceSmart (NASDAQ:PSMT) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $95.00.
PSMT has been the subject of several recent research reports. ValuEngine upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Friday, March 23rd. BidaskClub upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Zacks Investment Research upgraded shares of PriceSmart from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Scotiabank restated a “sector perform” rating and set a $90.00 target price on shares of PriceSmart in a research report on Thursday, March 8th.
In other PriceSmart news, EVP Chong Jesus Von sold 300 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $83.46, for a total value of $25,038.00. Following the completion of the transaction, the executive vice president now directly owns 26,701 shares in the company, valued at $2,228,465.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sherry S. Bahrambeygui sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $88.20, for a total transaction of $1,323,000.00. Following the completion of the transaction, the director now owns 126,405 shares of the company’s stock, valued at $11,148,921. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,638 shares of company stock valued at $2,485,224. Company insiders own 28.00% of the company’s stock.
Several large investors have recently modified their holdings of PSMT. SG Americas Securities LLC bought a new position in shares of PriceSmart during the fourth quarter worth $186,000. Guggenheim Capital LLC bought a new position in shares of PriceSmart during the fourth quarter worth $203,000. Ellington Management Group LLC bought a new position in shares of PriceSmart during the fourth quarter worth $232,000. Xact Kapitalforvaltning AB bought a new position in shares of PriceSmart during the fourth quarter worth $246,000. Finally, Millennium Management LLC bought a new position in shares of PriceSmart during the fourth quarter worth $337,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.
PriceSmart traded down $0.60, hitting $82.50, during trading hours on Thursday, according to MarketBeat.com. 175,600 shares of the company’s stock traded hands, compared to its average volume of 173,979. The company has a current ratio of 1.42, a quick ratio of 0.54 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 28.75 and a beta of 1.19. PriceSmart has a 52 week low of $81.35 and a 52 week high of $82.50.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, April 5th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.30. The company had revenue of $839.56 million during the quarter, compared to analyst estimates of $832.43 million. PriceSmart had a net margin of 2.45% and a return on equity of 12.29%. During the same period in the previous year, the business posted $0.90 earnings per share. sell-side analysts predict that PriceSmart will post 3.2 EPS for the current year.
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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