BidaskClub upgraded shares of PriceSmart (NASDAQ:PSMT) from a buy rating to a strong-buy rating in a research note published on Wednesday morning.

Several other brokerages have also weighed in on PSMT. ValuEngine raised shares of PriceSmart from a sell rating to a hold rating in a research report on Thursday, July 26th. Zacks Investment Research raised shares of PriceSmart from a strong sell rating to a hold rating in a research report on Monday. TheStreet lowered shares of PriceSmart from a b- rating to a c+ rating in a research report on Thursday, August 2nd. Finally, Scotiabank set a $86.00 price objective on shares of PriceSmart and gave the company a hold rating in a research report on Wednesday, July 11th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. PriceSmart presently has an average rating of Buy and an average target price of $91.50.

Shares of PSMT opened at $87.80 on Wednesday. The company has a market cap of $2.68 billion, a P/E ratio of 29.46 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 1.36. PriceSmart has a twelve month low of $77.30 and a twelve month high of $94.45.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Thursday, July 5th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.08). The business had revenue of $782.20 million for the quarter, compared to the consensus estimate of $787.19 million. PriceSmart had a net margin of 2.41% and a return on equity of 12.01%. PriceSmart’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. analysts predict that PriceSmart will post 3.01 earnings per share for the current year.

In other news, Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $89.55, for a total value of $895,500.00. Following the transaction, the director now owns 80 shares of the company’s stock, valued at $7,164. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 60,000 shares of company stock worth $5,072,600. Insiders own 28.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. raised its position in shares of PriceSmart by 0.9% in the second quarter. EdgePoint Investment Group Inc. now owns 2,276,346 shares of the company’s stock valued at $206,009,000 after purchasing an additional 20,058 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of PriceSmart by 9.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,739,639 shares of the company’s stock valued at $145,347,000 after purchasing an additional 149,580 shares during the period. BlackRock Inc. raised its position in shares of PriceSmart by 8.4% in the second quarter. BlackRock Inc. now owns 1,476,765 shares of the company’s stock valued at $133,648,000 after purchasing an additional 114,121 shares during the period. FMR LLC raised its position in shares of PriceSmart by 6.1% in the second quarter. FMR LLC now owns 1,337,985 shares of the company’s stock valued at $121,088,000 after purchasing an additional 76,580 shares during the period. Finally, Baillie Gifford & Co. raised its position in shares of PriceSmart by 5.7% in the second quarter. Baillie Gifford & Co. now owns 1,243,380 shares of the company’s stock valued at $112,526,000 after purchasing an additional 67,169 shares during the period. 77.52% of the stock is currently owned by institutional investors.

PriceSmart Company Profile

PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of May 7, 2017, it operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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Analyst Recommendations for PriceSmart (NASDAQ:PSMT)

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