BidaskClub downgraded shares of PriceSmart (NASDAQ:PSMT) from a hold rating to a sell rating in a report released on Thursday, December 21st.
Other equities analysts have also recently issued reports about the company. TheStreet upgraded PriceSmart from a c+ rating to a b rating in a report on Monday, October 23rd. Roth Capital restated a buy rating and set a $100.00 price target on shares of PriceSmart in a report on Monday, October 2nd. Zacks Investment Research upgraded PriceSmart from a sell rating to a hold rating in a report on Tuesday, September 12th. Finally, Ifs Securities started coverage on PriceSmart in a report on Monday, September 25th. They set a market perform rating and a $85.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. PriceSmart presently has a consensus rating of Hold and an average price target of $91.75.
PriceSmart (NASDAQ:PSMT) opened at $83.00 on Thursday. PriceSmart has a 52 week low of $78.00 and a 52 week high of $94.00. The stock has a market capitalization of $2,523.53, a P/E ratio of 28.62 and a beta of 1.31. The company has a quick ratio of 0.44, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $764.67 million. During the same quarter in the previous year, the company earned $0.82 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. analysts expect that PriceSmart will post 3.2 EPS for the current fiscal year.
In related news, COO William J. Naylon sold 2,400 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $80.05, for a total value of $192,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Heffner sold 3,125 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $80.00, for a total value of $250,000.00. Following the completion of the sale, the chief financial officer now directly owns 27,121 shares of the company’s stock, valued at $2,169,680. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,997 shares of company stock worth $3,683,782. 28.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSMT. Citigroup Inc. raised its position in PriceSmart by 18.5% in the 2nd quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock valued at $124,000 after buying an additional 220 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of PriceSmart by 16.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock valued at $128,000 after purchasing an additional 206 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of PriceSmart by 12.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock valued at $170,000 after purchasing an additional 210 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of PriceSmart by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock valued at $172,000 after purchasing an additional 295 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of PriceSmart by 1.6% during the 2nd quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock valued at $213,000 after purchasing an additional 39 shares during the last quarter. 72.83% of the stock is owned by institutional investors and hedge funds.
PriceSmart Company Profile
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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