Zacks: PriceSmart, Inc. (PSMT) Given Average Rating of “Hold” by Analysts
PriceSmart, Inc. (NASDAQ:PSMT) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment 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 various analysts’ upgrades and downgrades.
Zacks has also assigned PriceSmart an industry rank of 78 out of 265 based on the ratings given to its competitors.
PSMT has been the topic of several recent research reports. TheStreet raised shares of PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Roth Capital reaffirmed a “buy” rating and set a $100.00 target price on shares of PriceSmart in a research note on Monday, October 2nd. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Ifs Securities initiated coverage on shares of PriceSmart in a research note on Monday, September 25th. They set a “market perform” rating and a $85.00 target price on the stock.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, October 26th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The business had revenue of $733.50 million for the quarter, compared to analysts’ expectations of $733.64 million. During the same period in the previous year, the company earned $0.74 earnings per share. PriceSmart’s quarterly revenue was up 3.2% on a year-over-year basis. research analysts predict that PriceSmart will post 3.2 earnings per share for the current year.
In other PriceSmart news, COO William J. Naylon sold 2,400 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $80.05, for a total value of $192,120.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Chong Jesus Von sold 620 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $80.28, for a total transaction of $49,773.60. Following the completion of the sale, the executive vice president now directly owns 27,001 shares in the company, valued at $2,167,640.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,997 shares of company stock worth $3,683,782. Insiders own 28.00% of the company’s stock.
Large investors have recently made changes to their positions in the business. Citigroup Inc. grew its position in shares of PriceSmart by 18.5% in the 2nd quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock valued at $124,000 after buying an additional 220 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. 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. Victory Capital Management Inc. grew its position in shares of PriceSmart by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock valued at $172,000 after buying an additional 295 shares during the last quarter. Finally, 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. 73.19% of the stock is currently owned by institutional investors.
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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