Zacks: PriceSmart, Inc. (PSMT) Given Consensus Rating of “Hold” by Analysts
PriceSmart, Inc. (NASDAQ:PSMT) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. PriceSmart’s rating score has declined by 200% in the last three months as a result of a number of analysts’ ratings changes.
Zacks has also given PriceSmart an industry rank of 24 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently commented on PSMT shares. BidaskClub downgraded PriceSmart from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. TheStreet cut PriceSmart from a “b” rating to a “c+” rating in a research note on Thursday, July 13th. Zacks Investment Research cut PriceSmart from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Roth Capital set a $102.00 price target on PriceSmart and gave the company a “buy” rating in a research note on Tuesday, August 8th. Finally, Ifs Securities began coverage on PriceSmart in a research note on Monday, September 25th. They issued a “market perform” rating and a $85.00 price target for the company.
In related news, EVP John D. Hildebrandt sold 1,614 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $83.47, for a total value of $134,720.58. Following the completion of the sale, the executive vice president now directly owns 17,237 shares in the company, valued at $1,438,772.39. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 28.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its stake in PriceSmart by 1.6% during the second quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock worth $213,000 after purchasing an additional 39 shares during the last quarter. Principal Financial Group Inc. lifted its stake in PriceSmart by 2.9% during the first quarter. Principal Financial Group Inc. now owns 2,857 shares of the company’s stock worth $263,000 after purchasing an additional 81 shares during the last quarter. First Midwest Bank Trust Division lifted its stake in PriceSmart by 2.3% during the second quarter. First Midwest Bank Trust Division now owns 8,694 shares of the company’s stock worth $762,000 after purchasing an additional 199 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in PriceSmart by 16.4% during the second quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock worth $128,000 after purchasing an additional 206 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in PriceSmart by 12.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock worth $170,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.
PriceSmart (NASDAQ PSMT) traded up $0.05 during trading on Friday, hitting $81.80. The stock had a trading volume of 212,097 shares, compared to its average volume of 117,248. PriceSmart has a 52 week low of $78.00 and a 52 week high of $94.40. The company has a quick ratio of 0.55, a current ratio of 1.40 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2,490.00, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33.
PriceSmart (NASDAQ:PSMT) last posted its earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The firm had revenue of $733.50 million during the quarter, compared to analyst estimates of $733.64 million. During the same period in the previous year, the company posted $0.74 EPS. PriceSmart’s revenue for the quarter was up 3.2% compared to the same quarter last year. sell-side analysts predict that PriceSmart will post 3.2 EPS for the current year.
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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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