PriceSmart, Inc. (NASDAQ:PSMT) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $102.00 for the company and are predicting that the company will post $0.66 earnings per share for the current quarter, according to Zacks. Zacks has also given PriceSmart an industry rank of 60 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently issued reports on the company. Roth Capital set a $102.00 price objective on PriceSmart and gave the stock a “buy” rating in a research report on Saturday, April 1st. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. TheStreet downgraded PriceSmart from a “b” rating to a “c+” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research downgraded PriceSmart from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th.
Shares of PriceSmart (NASDAQ:PSMT) traded down 0.77% during trading on Friday, hitting $84.00. The stock had a trading volume of 133,728 shares. The firm’s 50-day moving average is $85.44 and its 200-day moving average is $87.40. The firm has a market cap of $2.52 billion, a P/E ratio of 27.46 and a beta of 1.26. PriceSmart has a one year low of $75.80 and a one year high of $94.40.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, July 5th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The business had revenue of $730.30 million for the quarter, compared to analyst estimates of $734.80 million. PriceSmart had a return on equity of 14.05% and a net margin of 3.13%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Equities research analysts forecast that PriceSmart will post $3.06 EPS for the current year.
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In related news, Director Mitchell G. Lynn sold 2,436 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $86.23, for a total transaction of $210,056.28. Following the sale, the director now owns 405 shares of the company’s stock, valued at $34,923.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 28.00% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of PriceSmart during the first quarter valued at approximately $135,000. Victory Capital Management Inc. boosted its stake in shares of PriceSmart by 23.8% in the first quarter. Victory Capital Management Inc. now owns 1,670 shares of the company’s stock valued at $154,000 after buying an additional 321 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of PriceSmart during the first quarter valued at approximately $160,000. Creative Planning boosted its stake in shares of PriceSmart by 166.1% in the first quarter. Creative Planning now owns 1,823 shares of the company’s stock valued at $168,000 after buying an additional 1,138 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of PriceSmart during the first quarter valued at approximately $246,000. 73.66% of the stock is currently owned by hedge funds and other institutional investors.
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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