Zacks: PriceSmart, Inc. (PSMT) Given $102.00 Average Target Price by Analysts
PriceSmart, Inc. (NASDAQ:PSMT) has been assigned a consensus 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 rating.
Brokers have set a 12-month consensus price target of $102.00 for the company and are anticipating that the company will post $0.69 earnings per share for the current quarter, according to Zacks. Zacks has also given PriceSmart an industry rank of 97 out of 265 based on the ratings given to its competitors.
Separately, Roth Capital set a $102.00 price objective on shares of PriceSmart and gave the company a “buy” rating in a report on Thursday, May 18th.
Shares of PriceSmart (PSMT) traded up 0.06% during midday trading on Wednesday, hitting $85.45. 6,106 shares of the stock were exchanged. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 28.54 and a beta of 1.23. PriceSmart has a 1-year low of $75.80 and a 1-year high of $94.86. The firm’s 50 day moving average is $88.33 and its 200-day moving average is $87.95.
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In related news, Director Mitchell G. Lynn sold 2,436 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $86.23, for a total transaction of $210,056.28. Following the transaction, the director now directly owns 405 shares in the company, valued at $34,923.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mitchell G. Lynn sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $86.53, for a total transaction of $259,590.00. Following the transaction, the director now owns 5,841 shares in the company, valued at $505,421.73. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,536 shares of company stock worth $565,093. 28.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in PriceSmart during the fourth quarter valued at $5,602,000. State Street Corp boosted its position in PriceSmart by 6.6% in the fourth quarter. State Street Corp now owns 425,267 shares of the company’s stock valued at $35,509,000 after buying an additional 26,400 shares during the period. Dimensional Fund Advisors LP boosted its position in PriceSmart by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 610,322 shares of the company’s stock valued at $50,961,000 after buying an additional 3,738 shares during the period. Bayesian Capital Management LP purchased a new position in PriceSmart during the fourth quarter valued at $201,000. Finally, Envestnet Asset Management Inc. boosted its position in PriceSmart by 0.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,423 shares of the company’s stock valued at $1,037,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 71.61% of the company’s stock.
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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