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

PriceSmart (NASDAQ:PSMT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

PriceSmart Stock Performance

NASDAQ:PSMT opened at $89.74 on Friday. The company has a 50-day moving average of $90.13 and a 200-day moving average of $86.56. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 19.64 and a beta of 0.85. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. PriceSmart has a twelve month low of $66.95 and a twelve month high of $94.82.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.07). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. Analysts forecast that PriceSmart will post 5.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PriceSmart news, Director Jeffrey Fisher sold 5,478 shares of PriceSmart stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $90.83, for a total transaction of $497,566.74. Following the transaction, the director now directly owns 21,646 shares in the company, valued at approximately $1,966,106.18. The trade was a 20.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Francisco Velasco sold 827 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $91.03, for a total value of $75,281.81. Following the completion of the sale, the executive vice president now owns 84,385 shares of the company’s stock, valued at $7,681,566.55. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,290 shares of company stock worth $1,476,009. Company insiders own 18.60% of the company’s stock.

Institutional Investors Weigh In On PriceSmart

A number of institutional investors have recently bought and sold shares of PSMT. EdgePoint Investment Group Inc. lifted its position in shares of PriceSmart by 2.7% in the third quarter. EdgePoint Investment Group Inc. now owns 2,818,927 shares of the company’s stock worth $258,721,000 after purchasing an additional 74,201 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in PriceSmart by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,309,265 shares of the company’s stock worth $106,311,000 after buying an additional 35,390 shares in the last quarter. FMR LLC boosted its stake in shares of PriceSmart by 5.9% during the 3rd quarter. FMR LLC now owns 1,182,739 shares of the company’s stock valued at $108,552,000 after buying an additional 65,492 shares during the period. American Century Companies Inc. boosted its stake in shares of PriceSmart by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock valued at $88,175,000 after buying an additional 184,252 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of PriceSmart by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 684,870 shares of the company’s stock valued at $62,868,000 after acquiring an additional 25,216 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

PriceSmart Company Profile

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.