Roth Capital Equities Analysts Decrease Earnings Estimates for PriceSmart Inc. (PSMT)
PriceSmart Inc. (NASDAQ:PSMT) – Research analysts at Roth Capital cut their FY2016 earnings per share estimates for PriceSmart in a research report issued to clients and investors on Monday. Roth Capital analyst D. King now expects that the firm will earn $2.83 per share for the year, down from their prior forecast of $2.85. Roth Capital currently has a “Buy” rating and a $95.00 target price on the stock. Roth Capital also issued estimates for PriceSmart’s Q4 2016 earnings at $0.65 EPS, Q1 2017 earnings at $0.73 EPS, Q3 2017 earnings at $0.66 EPS, Q4 2017 earnings at $0.72 EPS and FY2017 earnings at $3.00 EPS.
Separately, Zacks Investment Research cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.33.
PriceSmart (NASDAQ:PSMT) traded up 0.70% during midday trading on Wednesday, hitting $86.07. The stock had a trading volume of 51,994 shares. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 29.40 and a beta of 1.50. PriceSmart has a 12 month low of $68.51 and a 12 month high of $98.49. The stock has a 50 day moving average of $82.97 and a 200 day moving average of $84.59.
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Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of PriceSmart by 76.4% in the second quarter. Victory Capital Management Inc. now owns 1,150 shares of the company’s stock worth $108,000 after buying an additional 498 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of PriceSmart by 6.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,162 shares of the company’s stock worth $109,000 after buying an additional 68 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of PriceSmart by 110.4% in the third quarter. BNP Paribas Arbitrage SA now owns 1,643 shares of the company’s stock worth $138,000 after buying an additional 862 shares during the last quarter. Princeton Alpha Management LP acquired a new stake in shares of PriceSmart during the second quarter worth approximately $210,000. Finally, Stevens Capital Management LP acquired a new stake in shares of PriceSmart during the second quarter worth approximately $217,000. 72.69% of the stock is owned by institutional investors and hedge funds.
PriceSmart Company Profile
PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.
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