PriceSmart, Inc. (PSMT) Given Average Rating of “Strong Buy” by Analysts
Shares of PriceSmart, Inc. (NASDAQ:PSMT) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus target price of $102.00 for the company and are forecasting 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 61 out of 265 based on the ratings given to related companies.
PSMT has been the topic of a number of research reports. Roth Capital set a $102.00 price objective on PriceSmart and gave the stock a “buy” rating in a report on Saturday, April 1st. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded PriceSmart from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, TheStreet downgraded PriceSmart from a “b” rating to a “c+” rating in a report on Thursday, July 13th.
In related news, Director Mitchell G. Lynn sold 2,436 shares of the firm’s stock in a transaction dated 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 directly owns 405 shares in the company, valued at approximately $34,923.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 28.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in PriceSmart by 11.0% in the first quarter. Vanguard Group Inc. now owns 2,016,257 shares of the company’s stock valued at $185,899,000 after buying an additional 200,045 shares in the last quarter. Wellington Management Group LLP increased its stake in PriceSmart by 1.7% in the first quarter. Wellington Management Group LLP now owns 1,348,139 shares of the company’s stock valued at $124,298,000 after buying an additional 21,936 shares in the last quarter. BlackRock Inc. increased its stake in PriceSmart by 76,229.7% in the first quarter. BlackRock Inc. now owns 1,286,919 shares of the company’s stock valued at $118,654,000 after buying an additional 1,285,233 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in PriceSmart by 16.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,269,690 shares of the company’s stock valued at $117,066,000 after buying an additional 174,683 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in PriceSmart by 11.9% in the second quarter. Bank of Montreal Can now owns 1,018,827 shares of the company’s stock valued at $89,249,000 after buying an additional 108,009 shares in the last quarter. Institutional investors own 72.23% of the company’s stock.
Shares of PriceSmart (PSMT) traded up 0.48% during mid-day trading on Friday, reaching $84.30. 29,378 shares of the company’s stock were exchanged. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 27.56 and a beta of 1.26. PriceSmart has a 52 week low of $75.80 and a 52 week high of $94.40. The stock has a 50 day moving average price of $85.68 and a 200 day moving average price of $87.36.
PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, July 5th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $730.30 million during the quarter, compared to analysts’ expectations of $734.80 million. PriceSmart had a return on equity of 14.05% and a net margin of 3.13%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. Equities research analysts predict that PriceSmart will post $3.06 EPS for the current year.
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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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