PriceSmart (NASDAQ:PSMT) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday, May 29th.
A number of other brokerages also recently issued reports on PSMT. Zacks Investment Research downgraded PriceSmart from a “buy” rating to a “strong sell” rating in a report on Thursday, March 1st. Scotiabank reiterated a “sector perform” rating and issued a $90.00 price target on shares of PriceSmart in a report on Thursday, March 8th. Finally, BidaskClub upgraded PriceSmart from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. PriceSmart presently has an average rating of “Hold” and a consensus price target of $92.50.
PriceSmart traded up $0.15, hitting $88.40, during trading on Tuesday, according to MarketBeat.com. 187,500 shares of the stock were exchanged, compared to its average volume of 165,286. The company has a market capitalization of $2.67 billion, a P/E ratio of 29.82 and a beta of 1.19. PriceSmart has a 1 year low of $77.50 and a 1 year high of $93.55. The company has a quick ratio of 0.54, a current ratio of 1.42 and a debt-to-equity ratio of 0.11.
PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Thursday, April 5th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business 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 anticipate that PriceSmart will post 3.2 earnings per share for the current year.
In other news, Director Robert E. Price sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $82.08, for a total value of $820,800.00. Following the completion of the sale, the director now owns 80 shares of the company’s stock, valued at approximately $6,566.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sherry S. Bahrambeygui sold 15,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 126,405 shares of the company’s stock, valued at approximately $11,148,921. The disclosure for this sale can be found here. Insiders sold a total of 49,433 shares of company stock valued at $4,221,058 in the last three months. Insiders own 28.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Swiss National Bank lifted its position in PriceSmart by 4.2% during the 4th quarter. Swiss National Bank now owns 37,000 shares of the company’s stock worth $3,186,000 after acquiring an additional 1,500 shares during the period. Slow Capital Inc. acquired a new stake in PriceSmart during the 4th quarter worth about $996,000. Raymond James & Associates lifted its position in PriceSmart by 2.6% during the 4th quarter. Raymond James & Associates now owns 67,007 shares of the company’s stock worth $5,769,000 after acquiring an additional 1,680 shares during the period. Lombard Odier Asset Management Switzerland SA lifted its position in PriceSmart by 14.1% during the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 278,200 shares of the company’s stock worth $23,953,000 after acquiring an additional 34,400 shares during the period. Finally, Renaissance Technologies LLC lifted its position in PriceSmart by 2.3% during the 4th quarter. Renaissance Technologies LLC now owns 683,900 shares of the company’s stock worth $58,884,000 after acquiring an additional 15,600 shares during the period. 77.69% of the stock is owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for PriceSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart and related companies with MarketBeat.com's FREE daily email newsletter.