PriceSmart (NASDAQ:PSMT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “PriceSmart, Inc. is primarily engaged in the operation of membership shopping warehouses in international markets. The company’s business consists of international membership shopping stores similar to, but smaller in size than, warehouse clubs in the United States. The warehouses sell basic consumer goods with an emphasis on quality, low prices and efficient operations. By offering low prices on brand name and private label merchandise, the warehouses seek to generate sufficient sales volumes to operate profitably at relatively low gross margins. “

A number of other research firms have also recently weighed in on PSMT. TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of PriceSmart in a research report on Friday, January 5th. Howard Weil cut PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 5th. Ifs Securities raised PriceSmart from a “market perform” rating to an “outperform” rating in a research report on Friday, December 29th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of PriceSmart in a research report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $91.75.

Shares of PriceSmart (NASDAQ:PSMT) opened at $83.00 on Friday. The stock has a market capitalization of $2,523.53, a PE ratio of 28.62 and a beta of 1.31. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 0.44. PriceSmart has a 1 year low of $78.00 and a 1 year high of $94.00.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.08). The firm had revenue of $767.10 million during the quarter, compared to analyst estimates of $764.67 million. PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. research analysts anticipate that PriceSmart will post 3.2 earnings per share for the current year.

In other news, EVP John D. Hildebrandt sold 1,614 shares of the firm’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 of the company’s stock, valued at approximately $1,438,772.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sherry S. Bahrambeygui sold 16,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $81.55, for a total value of $1,321,110.00. Following the completion of the sale, the director now directly owns 125,813 shares of the company’s stock, valued at $10,260,050.15. The disclosure for this sale can be found here. Insiders have sold a total of 44,997 shares of company stock valued at $3,683,782 over the last ninety days. 28.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. lifted its holdings 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 period. Public Employees Retirement System of Ohio lifted its holdings 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 period. Ameritas Investment Partners Inc. lifted its holdings 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 period. Victory Capital Management Inc. lifted its holdings 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 period. Finally, Advisor Group Inc. lifted its holdings 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 period. 72.83% of the stock is owned by institutional investors and hedge funds.

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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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Analyst Recommendations for PriceSmart (NASDAQ:PSMT)

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