PriceSmart, Inc. (PSMT) Stock Rating Lowered by TheStreet

TheStreet cut shares of PriceSmart, Inc. (NASDAQ:PSMT) from a b rating to a c+ rating in a report released on Thursday, July 13th.

PSMT has been the subject of a number of other research reports. BidaskClub downgraded shares of PriceSmart from a hold rating to a sell rating in a research report on Sunday, July 16th. Roth Capital set a $102.00 price objective on shares of PriceSmart and gave the company a buy rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research downgraded shares of PriceSmart from a hold rating to a strong sell rating in a research report on Wednesday, July 12th.

PriceSmart (NASDAQ:PSMT) opened at 82.10 on Thursday. The company has a 50-day moving average price of $83.90 and a 200-day moving average price of $87.27. The firm has a market capitalization of $2.47 billion, a PE ratio of 26.84 and a beta of 1.24. PriceSmart has a 12-month low of $78.00 and a 12-month high of $94.40.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Wednesday, July 5th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by $0.05. PriceSmart had a net margin of 3.13% and a return on equity of 14.05%. The business had revenue of $730.30 million for the quarter, compared to the consensus estimate of $734.80 million. During the same period in the prior year, the company earned $0.55 EPS. PriceSmart’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts predict that PriceSmart will post $3.08 earnings per share for the current year.

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In other PriceSmart news, Director Sherry S. Bahrambeygui sold 3,561 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $84.88, for a total transaction of $302,257.68. Following the completion of the transaction, the director now directly owns 125,374 shares of the company’s stock, valued at approximately $10,641,745.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 28.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PSMT. Quantitative Investment Management LLC purchased a new position in PriceSmart during the first quarter worth about $645,000. Swiss National Bank raised its stake in shares of PriceSmart by 1.6% in the first quarter. Swiss National Bank now owns 32,500 shares of the company’s stock worth $2,997,000 after buying an additional 500 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of PriceSmart by 45.3% in the first quarter. Point72 Asset Management L.P. now owns 114,327 shares of the company’s stock worth $10,541,000 after buying an additional 35,629 shares in the last quarter. Creative Planning raised its stake in shares of PriceSmart by 166.1% in the first quarter. Creative Planning now owns 1,823 shares of the company’s stock worth $168,000 after buying an additional 1,138 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of PriceSmart by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 90,780 shares of the company’s stock worth $8,370,000 after buying an additional 1,405 shares in the last quarter. 73.62% of the stock is owned by hedge funds and other institutional investors.

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.

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