Shares of PriceSmart, Inc. (NASDAQ:PSMT) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. PriceSmart’s rating score has declined by 200% in the last 90 days as a result of a number of analysts’ ratings changes.

Zacks has also assigned PriceSmart an industry rank of 185 out of 265 based on the ratings given to its competitors.

A number of research firms recently issued reports on PSMT. TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Zacks Investment Research lowered PriceSmart from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Roth Capital reissued a “buy” rating and set a $100.00 price target on shares of PriceSmart in a report on Monday, October 2nd. Finally, Ifs Securities began coverage on PriceSmart in a report on Monday, September 25th. They set a “market perform” rating and a $85.00 price target on the stock.

In other PriceSmart news, EVP John D. Hildebrandt sold 1,614 shares of PriceSmart 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 sale, the executive vice president now owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chong Jesus Von sold 620 shares of PriceSmart stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $80.28, for a total value 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 approximately $2,167,640.28. The disclosure for this sale can be found here. Insiders sold a total of 44,997 shares of company stock worth $3,683,782 in the last ninety days. 28.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. boosted its holdings in 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 purchasing an additional 220 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in 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 purchasing an additional 206 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in 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 purchasing an additional 210 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in 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 purchasing an additional 295 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in 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 purchasing an additional 39 shares in the last quarter. 73.17% of the stock is currently owned by institutional investors.

PriceSmart (PSMT) opened at $85.30 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12. PriceSmart has a twelve month low of $78.00 and a twelve month high of $94.00. The stock has a market capitalization of $2,588.62, a PE ratio of 28.57 and a beta of 1.31.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $733.50 million for the quarter, compared to analysts’ expectations of $733.64 million. During the same period in the prior year, the business earned $0.74 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts expect 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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