PriceSmart (NASDAQ:PSMT) was upgraded by equities researchers at Ifs Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday.
PSMT has been the subject of several other research reports. Roth Capital reiterated a “buy” rating and issued a $100.00 target price on shares of PriceSmart in a research note on Monday, October 2nd. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. BidaskClub cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Finally, Zacks Investment Research cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. PriceSmart currently has a consensus rating of “Hold” and a consensus price target of $92.50.
PriceSmart (NASDAQ PSMT) traded up $0.10 during midday trading on Friday, hitting $84.10. 71,100 shares of the company traded hands, compared to its average volume of 116,284. 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 company has a market capitalization of $2,600.00, a PE ratio of 28.22 and a beta of 1.31.
In related news, CFO John Heffner sold 3,125 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $80.00, for a total value of $250,000.00. Following the completion of the transaction, the chief financial officer now owns 27,121 shares of the company’s stock, valued at $2,169,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Hildebrandt sold 1,614 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $83.47, for a total transaction of $134,720.58. Following the completion of the transaction, the executive vice president now directly owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The disclosure for this sale can be found here. Insiders sold 44,997 shares of company stock valued at $3,683,782 in the last three months. Company insiders own 28.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in PriceSmart by 2.5% in the second quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock worth $115,604,000 after purchasing an additional 32,748 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of PriceSmart by 5.4% during the second quarter. Rhumbline Advisers now owns 26,442 shares of the company’s stock worth $2,316,000 after buying an additional 1,348 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of PriceSmart by 9.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock worth $134,887,000 after buying an additional 132,555 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of PriceSmart by 11.6% during the second quarter. Teachers Advisors LLC now owns 50,591 shares of the company’s stock worth $4,432,000 after buying an additional 5,267 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of PriceSmart during the second quarter worth approximately $876,000. 72.83% of the stock is owned by hedge funds and other institutional investors.
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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.
