PriceSmart’s (NASDAQ:PSMT) “Sector Perform” Rating Reaffirmed at Scotiabank

PriceSmart (NASDAQ:PSMT)‘s stock had its “sector perform” rating reissued by equities research analysts at Scotiabank in a report released on Tuesday, January 9th.

Several other equities analysts have also weighed in on the stock. Ifs Securities upgraded shares of PriceSmart from a “market perform” rating to an “outperform” rating in a report on Friday, December 29th. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. BidaskClub lowered shares of PriceSmart from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. Zacks Investment Research lowered shares of PriceSmart from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Finally, Roth Capital restated a “buy” rating and issued a $100.00 target price on shares of PriceSmart in a report on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $91.75.

Shares of PriceSmart (PSMT) traded up $1.00 during trading on Tuesday, hitting $84.65. 83,786 shares of the company traded hands, compared to its average volume of 154,007. 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 company has a market capitalization of $2,543.26, a PE ratio of 29.19 and a beta of 1.31. PriceSmart has a one year low of $78.00 and a one year high of $94.00.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.08). The firm had revenue of $767.10 million for the quarter, compared to the consensus estimate of $764.67 million. PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.82 EPS. equities research analysts anticipate that PriceSmart will post 3.2 EPS for the current year.

In related news, EVP John D. Hildebrandt sold 1,614 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total value of $134,720.58. Following the completion of the transaction, the executive vice president now directly owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sherry S. Bahrambeygui sold 16,200 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $81.55, for a total transaction of $1,321,110.00. Following the completion of the transaction, the director now directly owns 125,813 shares of the company’s stock, valued at $10,260,050.15. The disclosure for this sale can be found here. Insiders have sold a total of 44,997 shares of company stock valued at $3,683,782 over the last three months. Insiders own 28.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of PriceSmart by 2.5% during the 2nd quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock valued at $115,604,000 after buying an additional 32,748 shares in the last quarter. Rhumbline Advisers raised its position in shares of PriceSmart by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 26,442 shares of the company’s stock valued at $2,316,000 after buying an additional 1,348 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of PriceSmart by 9.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock valued at $134,887,000 after buying an additional 132,555 shares in the last quarter. Teachers Advisors LLC raised its position in shares of PriceSmart by 11.6% during the 2nd quarter. Teachers Advisors LLC now owns 50,591 shares of the company’s stock valued at $4,432,000 after buying an additional 5,267 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of PriceSmart by 9.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 140,793 shares of the company’s stock valued at $12,334,000 after buying an additional 11,705 shares in the last quarter. 72.83% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for PriceSmart (NASDAQ:PSMT)

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