PriceSmart’s (NASDAQ:PSMT) same-store sales rose 4.4% during the month of February. PriceSmart’s shares rose by 0% in the first day of trading following the report.
A number of analysts have issued reports on PSMT shares. Zacks Investment Research raised PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Saturday, January 13th. Scotiabank downgraded PriceSmart to a “hold” rating and set a $90.00 target price for the company. 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. PriceSmart presently has a consensus rating of “Hold” and an average price target of $92.50.
Shares of PriceSmart (NASDAQ:PSMT) opened at $81.20 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.44 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $2,441.40, a PE ratio of 27.95 and a beta of 1.30. PriceSmart has a 52-week low of $77.50 and a 52-week high of $94.00.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.08). The business had revenue of $767.10 million for the quarter, compared to analyst estimates of $764.67 million. PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. analysts predict that PriceSmart will post 3.2 earnings per share for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be given a dividend of $0.35 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 14th. PriceSmart’s payout ratio is 24.14%.
Several large investors have recently modified their holdings of PSMT. 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 worth $128,000 after purchasing an additional 206 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of PriceSmart during the 4th quarter worth about $186,000. Guggenheim Capital LLC acquired a new stake in shares of PriceSmart during the 4th quarter worth about $203,000. Ellington Management Group LLC acquired a new stake in shares of PriceSmart during the 4th quarter worth about $232,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of PriceSmart during the 4th quarter worth about $246,000. 77.33% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2018/03/17/pricesmart-inc-s-february-same-store-sales-numbers-beat-analysts-expectations-shares-rise-by-0-nasdaqpsmt.html.
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.
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.