PriceSmart (NASDAQ:PSMT) Downgraded by StockNews.com

PriceSmart (NASDAQ:PSMT) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Separately, TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th.

PriceSmart Stock Performance

NASDAQ:PSMT opened at $79.45 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.50 and a current ratio of 1.20. PriceSmart has a fifty-two week low of $61.82 and a fifty-two week high of $86.90. The firm has a market cap of $2.44 billion, a PE ratio of 19.96 and a beta of 0.92. The business has a 50 day moving average price of $81.59 and a 200-day moving average price of $75.62.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, April 10th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.07. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities research analysts predict that PriceSmart will post 4.38 earnings per share for the current year.

Hedge Funds Weigh In On PriceSmart

Institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in PriceSmart in the first quarter worth $37,000. Headlands Technologies LLC bought a new position in shares of PriceSmart in the 3rd quarter worth about $47,000. Tower Research Capital LLC TRC lifted its position in PriceSmart by 80.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 759 shares of the company’s stock valued at $54,000 after acquiring an additional 338 shares during the period. TFO Wealth Partners LLC boosted its stake in PriceSmart by 30,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock worth $69,000 after acquiring an additional 909 shares in the last quarter. Finally, CWM LLC boosted its stake in PriceSmart by 331.4% during the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock worth $79,000 after acquiring an additional 802 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.