PriceSmart, Inc. (PSMT) Receives Average Rating of “Hold” from Analysts

Shares of PriceSmart, Inc. (NASDAQ:PSMT) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $95.33.

A number of equities analysts have weighed in on PSMT shares. Ifs Securities started coverage on PriceSmart in a research report on Monday, September 25th. They set a “market perform” rating and a $85.00 price target on the stock. Zacks Investment Research raised PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub downgraded PriceSmart from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. Roth Capital reaffirmed a “buy” rating and issued a $100.00 target price on shares of PriceSmart in a research report on Monday, October 2nd. Finally, TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd.

Shares of PriceSmart (NASDAQ PSMT) traded up $1.45 during midday trading on Friday, reaching $87.85. The company’s stock had a trading volume of 230,700 shares, compared to its average volume of 173,533. The firm has a market capitalization of $2,490.00, a P/E ratio of 30.19 and a beta of 1.31. 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 1 year low of $78.00 and a 1 year high of $94.00.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The business had revenue of $733.50 million for the quarter, compared to analyst estimates of $733.64 million. PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. PriceSmart’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. equities analysts forecast that PriceSmart will post 3.2 EPS for the current fiscal year.

In other news, EVP John D. Hildebrandt sold 1,614 shares of the company’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 transaction, the executive vice president now owns 17,237 shares of the company’s stock, valued at $1,438,772.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jose Luis Laparte sold 12,772 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $82.58, for a total value of $1,054,711.76. The disclosure for this sale can be found here. Insiders sold 44,997 shares of company stock worth $3,683,782 in the last ninety days. 28.00% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of PriceSmart by 2.5% in the second quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock valued at $115,604,000 after buying an additional 32,748 shares during the period. Rhumbline Advisers boosted its stake in shares of PriceSmart by 5.4% in the second quarter. Rhumbline Advisers now owns 26,442 shares of the company’s stock valued at $2,316,000 after buying an additional 1,348 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of PriceSmart by 9.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock valued at $134,887,000 after buying an additional 132,555 shares during the period. Teachers Advisors LLC boosted its stake in shares of PriceSmart by 11.6% in the second quarter. Teachers Advisors LLC now owns 50,591 shares of the company’s stock valued at $4,432,000 after buying an additional 5,267 shares during the period. Finally, Bank of Nova Scotia bought a new stake in shares of PriceSmart in the second quarter valued at approximately $876,000. 72.83% of the stock is currently owned by institutional investors.

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About PriceSmart

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.

Analyst Recommendations for PriceSmart (NASDAQ:PSMT)

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