PriceSmart, Inc. (NASDAQ:PSMT) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Sunday.

Several other research analysts also recently issued reports on PSMT. Zacks Investment Research downgraded shares of PriceSmart from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Roth Capital set a $102.00 target price on shares of PriceSmart and gave the company a “buy” rating in a report on Saturday, April 1st.

PriceSmart (PSMT) traded up 0.49% on Friday, reaching $82.15. 90,544 shares of the company were exchanged. The stock has a 50-day moving average price of $87.89 and a 200 day moving average price of $87.71. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 26.86 and a beta of 1.26. PriceSmart has a 52 week low of $75.80 and a 52 week 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. PriceSmart had a return on equity of 14.05% and a net margin of 3.13%. The business had revenue of $730.30 million for the quarter, compared to analysts’ expectations of $734.80 million. During the same period in the previous year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts forecast that PriceSmart will post $3.06 earnings per share for the current year.

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In other news, Director Mitchell G. Lynn sold 2,436 shares of PriceSmart stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $86.23, for a total value 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 legal filing with the SEC, which can be accessed through this hyperlink. 28.00% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of PriceSmart during the first quarter valued at $135,000. Victory Capital Management Inc. increased 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 $160,000. Creative Planning increased 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 $246,000. 71.61% of the stock is currently owned by institutional investors and hedge funds.

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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