PriceSmart’s (PSMT) “Sector Perform” Rating Reiterated at Scotia Howard Weill

Scotia Howard Weill reaffirmed their sector perform rating on shares of PriceSmart (NASDAQ:PSMT) in a report released on Friday.

PSMT has been the topic of a number of other reports. Roth Capital reaffirmed a buy rating and set a $100.00 target price on shares of PriceSmart in a research report on Monday, October 2nd. TheStreet raised shares of PriceSmart from a c+ rating to a b rating in a research report on Monday, October 23rd. Zacks Investment Research raised shares of PriceSmart from a sell rating to a hold rating and set a $96.00 target price on the stock in a research report on Tuesday, January 2nd. BidaskClub lowered shares of PriceSmart from a hold rating to a sell rating in a research report on Thursday, December 21st. Finally, Scotiabank lowered shares of PriceSmart to a hold rating and set a $90.00 target price on the stock. in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $92.75.

Shares of PriceSmart (NASDAQ:PSMT) opened at $82.10 on Friday. 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. The firm has a market cap of $2,470.00, a PE ratio of 28.31 and a beta of 1.31.

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

In other news, COO William J. Naylon sold 2,400 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $80.05, for a total transaction of $192,120.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO John Heffner sold 3,125 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $80.00, for a total transaction of $250,000.00. Following the transaction, the chief financial officer now owns 27,121 shares in the company, valued at $2,169,680. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,997 shares of company stock worth $3,683,782. Corporate insiders own 28.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in shares of PriceSmart by 18.5% during the second quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock valued at $124,000 after purchasing an additional 220 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of PriceSmart by 16.4% during the second quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock valued at $128,000 after purchasing an additional 206 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of PriceSmart by 12.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock valued at $170,000 after purchasing an additional 210 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of PriceSmart by 17.7% during the second quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock valued at $172,000 after purchasing an additional 295 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of PriceSmart by 1.6% during the second quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock valued at $213,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.

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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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