PriceSmart (NASDAQ:PSMT) Stock Rating Upgraded by StockNews.com

PriceSmart (NASDAQ:PSMTGet Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Separately, Jefferies Financial Group lifted their price objective on shares of PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 17th.

View Our Latest Stock Report on PriceSmart

PriceSmart Trading Down 3.9 %

PSMT opened at $79.25 on Wednesday. PriceSmart has a 52 week low of $61.82 and a 52 week high of $87.99. The company has a market capitalization of $2.43 billion, a P/E ratio of 19.91 and a beta of 0.86. The stock’s fifty day moving average is $82.79 and its two-hundred day moving average is $79.40. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMTGet Free Report) last released its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. Analysts forecast that PriceSmart will post 4.64 earnings per share for the current year.

Insider Buying and Selling at PriceSmart

In related news, Director Sherry S. Bahrambeygui sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $80.52, for a total transaction of $120,780.00. Following the completion of the transaction, the director now owns 98,508 shares in the company, valued at approximately $7,931,864.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Sherry S. Bahrambeygui sold 1,500 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $80.52, for a total transaction of $120,780.00. Following the transaction, the director now directly owns 98,508 shares in the company, valued at approximately $7,931,864.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Edgar Zurcher sold 1,075 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $79.08, for a total value of $85,011.00. Following the completion of the sale, the director now owns 8,822 shares of the company’s stock, valued at $697,643.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,200 shares of company stock valued at $2,260,293. 18.60% of the stock is currently owned by insiders.

Institutional Trading of PriceSmart

Large investors have recently bought and sold shares of the stock. Covestor Ltd raised its holdings in shares of PriceSmart by 237.4% in the first quarter. Covestor Ltd now owns 442 shares of the company’s stock worth $38,000 after buying an additional 311 shares during the last quarter. Headlands Technologies LLC purchased a new position in PriceSmart in the 3rd quarter worth $47,000. TFO Wealth Partners LLC grew its stake in PriceSmart by 30,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock valued at $69,000 after purchasing an additional 909 shares during the last quarter. CWM LLC increased its holdings in shares of PriceSmart by 331.4% in the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock valued at $79,000 after purchasing an additional 802 shares during the period. Finally, SYSTM Wealth Solutions LLC purchased a new position in shares of PriceSmart in the first quarter worth about $85,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

About PriceSmart

(Get Free Report)

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.

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