Shares of PriceSmart, Inc. (NASDAQ:PSMT) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus target price of $102.00 for the company and are anticipating 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 63 out of 265 based on the ratings given to its competitors.

A number of research analysts recently commented on the stock. Roth Capital set a $102.00 target price on shares of PriceSmart and gave the company a “buy” rating in a research report on Thursday, May 18th. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, TheStreet downgraded shares of PriceSmart from a “b” rating to a “c+” rating in a research report on Thursday, July 13th.

In related news, Director Sherry S. Bahrambeygui sold 3,561 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $84.88, for a total value of $302,257.68. Following the transaction, the director now directly owns 125,374 shares of the company’s stock, valued at approximately $10,641,745.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 28.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. grew its position in shares of PriceSmart by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock valued at $213,000 after buying an additional 39 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of PriceSmart by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 2,857 shares of the company’s stock valued at $263,000 after buying an additional 81 shares during the last quarter. First Midwest Bank Trust Division grew its position in shares of PriceSmart by 2.3% in the 2nd quarter. First Midwest Bank Trust Division now owns 8,694 shares of the company’s stock valued at $762,000 after buying an additional 199 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of PriceSmart by 16.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock valued at $128,000 after buying an additional 206 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in shares of PriceSmart by 12.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock valued at $170,000 after buying an additional 210 shares during the last quarter. 71.98% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of PriceSmart (NASDAQ:PSMT) traded up 0.29% during midday trading on Thursday, hitting $85.95. 4,929 shares of the stock were exchanged. The stock has a 50 day moving average price of $82.74 and a 200-day moving average price of $86.46. The company has a market cap of $2.58 billion, a PE ratio of 28.10 and a beta of 1.25. PriceSmart has a 12 month low of $78.00 and a 12 month high of $94.40.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Wednesday, July 5th. The company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.05). PriceSmart had a net margin of 3.13% and a return on equity of 14.05%. The firm had revenue of $730.30 million during the quarter, compared to analyst estimates of $734.80 million. During the same quarter in the previous year, the business posted $0.55 earnings per share. PriceSmart’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts predict that PriceSmart will post $3.07 EPS for the current year.

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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