PriceSmart, Inc. (NASDAQ:PSMT) – Equities researchers at Roth Capital reduced their Q4 2017 EPS estimates for PriceSmart in a research note issued on Monday. Roth Capital analyst D. King now anticipates that the brokerage will earn $0.73 per share for the quarter, down from their previous forecast of $0.75. Roth Capital currently has a “Buy” rating and a $95.00 target price on the stock.
Separately, Zacks Investment Research raised PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th.
Shares of PriceSmart (NASDAQ:PSMT) traded down 0.29% during mid-day trading on Wednesday, hitting $84.55. The company had a trading volume of 102,254 shares. PriceSmart has a 12 month low of $68.51 and a 12 month high of $94.86. The firm has a 50-day moving average price of $88.36 and a 200 day moving average price of $85.40. The firm has a market capitalization of $2.53 billion, a P/E ratio of 28.64 and a beta of 1.25.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Thursday, January 5th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.02. PriceSmart had a return on equity of 14.43% and a net margin of 3.07%. The firm had revenue of $739.60 million for the quarter. During the same period last year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in PriceSmart by 76.4% in the second quarter. Victory Capital Management Inc. now owns 1,150 shares of the company’s stock valued at $108,000 after buying an additional 498 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in PriceSmart by 6.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,162 shares of the company’s stock valued at $109,000 after buying an additional 68 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in PriceSmart by 110.4% in the third quarter. BNP Paribas Arbitrage SA now owns 1,643 shares of the company’s stock valued at $138,000 after buying an additional 862 shares in the last quarter. Sei Investments Co. boosted its stake in PriceSmart by 20.4% in the third quarter. Sei Investments Co. now owns 2,225 shares of the company’s stock valued at $186,000 after buying an additional 377 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new stake in PriceSmart during the third quarter valued at approximately $204,000. 73.15% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Frank Ramon Diaz sold 1,388 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $86.29, for a total value of $119,770.52. Following the completion of the sale, the executive vice president now directly owns 14,464 shares of the company’s stock, valued at approximately $1,248,098.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William J. Naylon sold 3,025 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $90.08, for a total value of $272,492.00. Following the completion of the sale, the chief operating officer now directly owns 49,501 shares of the company’s stock, valued at $4,459,050.08. The disclosure for this sale can be found here. Company insiders own 28.00% of the company’s stock.
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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