PriceSmart (NASDAQ:PSMT)‘s stock had its “sector perform” rating reissued by Scotia Howard Weill in a research report issued on Friday, January 5th.
PSMT has been the subject of several other research reports. Roth Capital reissued a “buy” rating and issued a $100.00 price objective on shares of PriceSmart in a research note on Monday, October 2nd. TheStreet raised shares of PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating and set a $96.00 price objective for the company in a research note on Tuesday, January 2nd. BidaskClub downgraded shares of PriceSmart from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Finally, Scotiabank downgraded shares of PriceSmart to a “hold” rating and set a $90.00 price objective for the company. in a research note on Friday, January 5th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $91.75.
PriceSmart (NASDAQ PSMT) traded up $0.70 on Friday, reaching $83.00. The company had a trading volume of 201,100 shares, compared to its average volume of 249,889. The stock has a market capitalization of $2,523.49, a price-to-earnings ratio of 28.62 and a beta of 1.31. PriceSmart has a 12 month low of $78.00 and a 12 month high of $94.00. The company has a current ratio of 1.39, a quick ratio of 0.44 and a debt-to-equity ratio of 0.11.
PriceSmart (NASDAQ:PSMT) last released its quarterly 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). The company had revenue of $767.10 million during the quarter, compared to analysts’ expectations of $764.67 million. PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. analysts predict that PriceSmart will post 3.2 earnings per share for the current year.
In related news, COO William J. Naylon sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $80.05, for a total value of $192,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chong Jesus Von sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $80.28, for a total transaction of $49,773.60. Following the completion of the transaction, the executive vice president now directly owns 27,001 shares of the company’s stock, valued at approximately $2,167,640.28. The disclosure for this sale can be found here. Insiders have sold 44,997 shares of company stock valued at $3,683,782 in the last ninety days. Insiders own 28.00% of the company’s stock.
A number of large investors have recently modified their holdings of PSMT. Citigroup Inc. grew its holdings in PriceSmart by 18.5% in the second quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock worth $124,000 after purchasing an additional 220 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in PriceSmart by 16.4% in the second 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. Ameritas Investment Partners Inc. grew its holdings in PriceSmart by 12.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock worth $170,000 after purchasing an additional 210 shares during the last quarter. Victory Capital Management Inc. grew its holdings in PriceSmart by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock worth $172,000 after purchasing an additional 295 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in PriceSmart by 1.6% in the second quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock worth $213,000 after purchasing an additional 39 shares during the last quarter. 72.83% of the stock is owned by institutional investors.
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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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