PriceSmart (NASDAQ:PSMT) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Saturday, January 13th. Scotiabank cut shares of PriceSmart to a “hold” rating and set a $90.00 target price on the stock. in a report on Friday, January 5th. Ifs Securities upgraded shares of PriceSmart from a “market perform” rating to an “outperform” rating in a report on Friday, December 29th. Scotia Howard Weill reiterated a “sector perform” rating on shares of PriceSmart in a report on Friday, January 5th. Finally, Howard Weil cut shares of PriceSmart from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 5th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. PriceSmart currently has a consensus rating of “Hold” and a consensus price target of $92.50.
PriceSmart (NASDAQ:PSMT) opened at $81.15 on Tuesday. 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 has a 1-year low of $77.50 and a 1-year high of $94.00. The stock has a market cap of $2,468.77, a PE ratio of 27.98 and a beta of 1.30.
PriceSmart (NASDAQ:PSMT) last issued its earnings results on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.08). PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. The business had revenue of $767.10 million for 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 firm’s revenue was up 3.7% on a year-over-year basis. equities analysts anticipate that PriceSmart will post 3.2 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Lombard Odier Asset Management Switzerland SA boosted its holdings in shares of PriceSmart by 14.1% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 278,200 shares of the company’s stock valued at $23,953,000 after buying an additional 34,400 shares in the last quarter. Swiss National Bank boosted its holdings in shares of PriceSmart by 4.2% in the 4th quarter. Swiss National Bank now owns 37,000 shares of the company’s stock valued at $3,186,000 after buying an additional 1,500 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of PriceSmart by 6.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 149,174 shares of the company’s stock valued at $13,314,000 after buying an additional 8,381 shares in the last quarter. Brown Advisory Inc. boosted its stake in PriceSmart by 15.8% in the 4th quarter. Brown Advisory Inc. now owns 350,272 shares of the company’s stock worth $30,159,000 after purchasing an additional 47,736 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in PriceSmart by 3.5% in the 3rd quarter. Wells Fargo & Company MN now owns 282,737 shares of the company’s stock worth $25,235,000 after purchasing an additional 9,433 shares in the last quarter. Institutional investors and hedge funds own 77.30% of the company’s stock.
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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.
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