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

A number of analysts have commented on PSMT shares. Zacks Investment Research cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th. Roth Capital reissued a “buy” rating on shares of PriceSmart in a research report on Friday, June 10th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $71.00.

The firm’s 50-day moving average is $82.59 and its 200 day moving average is $83.23. The company has a market cap of $2.46 billion and a P/E ratio of 28.12.

PriceSmart (NASDAQ:PSMT) last announced its quarterly 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 business had revenue of $704.30 million for the quarter. During the same quarter last year, the firm posted $0.70 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts predict that PriceSmart Inc. will post $2.92 EPS for the current fiscal year.

A number of hedge funds have made changes to their positions in PSMT. Eaton Vance Management raised 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. Wells Fargo & Company MN raised 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. Morgan Stanley raised 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. New York State Common Retirement Fund raised 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. Finally, Rhumbline Advisers raised 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.