Shares of PriceSmart Inc. (NASDAQ:PSMT) traded down 2.1% during trading on Monday . The stock traded as low as $81.83 and last traded at $82.37, with a volume of 54,202 shares changing hands. The stock had previously closed at $84.12.

A number of analysts recently issued reports on PSMT shares. Zacks Investment Research downgraded shares of PriceSmart from a “hold” rating to a “sell” rating in a report on Wednesday, June 8th. Roth Capital restated a “buy” rating on shares of PriceSmart in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.00.

The stock has a 50 day moving average price of $82.81 and a 200-day moving average price of $83.18. The company has a market capitalization of $2.48 billion and a price-to-earnings ratio of 28.34.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, July 7th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.15. The firm had revenue of $704.30 million for the quarter. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. Analysts forecast that PriceSmart Inc. will post $2.92 EPS for the current fiscal year.

Other hedge funds have made changes to their positions in the company. Morgan Stanley boosted its stake in shares of PriceSmart by 724.1% in the fourth quarter. Morgan Stanley now owns 159,828 shares of the company’s stock worth $13,264,000 after buying an additional 140,434 shares during the period. Wells Fargo & Company MN boosted its stake in shares of PriceSmart by 5.0% in the fourth quarter. Wells Fargo & Company MN now owns 158,974 shares of the company’s stock worth $13,193,000 after buying an additional 7,587 shares during the period. New York State Common Retirement Fund boosted its stake in shares of PriceSmart by 1.2% in the fourth quarter. New York State Common Retirement Fund now owns 59,951 shares of the company’s stock worth $4,975,000 after buying an additional 700 shares during the period. Eaton Vance Management boosted its stake in shares of PriceSmart by 223.0% in the fourth quarter. Eaton Vance Management now owns 36,212 shares of the company’s stock worth $3,005,000 after buying an additional 25,000 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of PriceSmart by 5.3% in the fourth quarter. Rhumbline Advisers now owns 22,271 shares of the company’s stock worth $1,848,000 after buying an additional 1,120 shares during the period.

PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.

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