Zacks Investment Research lowered shares of PriceSmart (NASDAQ:PSMT) from a hold rating to a sell rating in a report published on Tuesday.

According to Zacks, “PriceSmart, Inc. is primarily engaged in the operation of membership shopping warehouses in international markets. The company’s business consists of international membership shopping stores similar to, but smaller in size than, warehouse clubs in the United States. The warehouses sell basic consumer goods with an emphasis on quality, low prices and efficient operations. By offering low prices on brand name and private label merchandise, the warehouses seek to generate sufficient sales volumes to operate profitably at relatively low gross margins. “

A number of other equities analysts also recently commented on PSMT. Ifs Securities assumed coverage on shares of PriceSmart in a research report on Monday, September 25th. They set a market perform rating and a $85.00 price objective for the company. Roth Capital set a $102.00 price objective on shares of PriceSmart and gave the stock a buy rating in a research report on Tuesday, August 8th. Finally, TheStreet upgraded shares of PriceSmart from a c+ rating to a b rating in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $92.50.

Shares of PriceSmart (NASDAQ PSMT) opened at $84.65 on Tuesday. PriceSmart has a 12-month low of $78.00 and a 12-month high of $94.00. The company has a market cap of $2,599.26, a price-to-earnings ratio of 28.69 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.40 and a quick ratio of 0.55.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The business had revenue of $733.50 million during the quarter, compared to analysts’ expectations of $733.64 million. During the same quarter last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts forecast that PriceSmart will post 3.2 earnings per share for the current year.

In other PriceSmart news, EVP John D. Hildebrandt sold 1,614 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total transaction of $134,720.58. Following the completion of the transaction, the executive vice president now owns 17,237 shares in the company, valued at approximately $1,438,772.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jose Luis Laparte sold 12,772 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $82.58, for a total transaction of $1,054,711.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,997 shares of company stock valued at $3,683,782. 28.00% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of PriceSmart by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,026,266 shares of the company’s stock worth $177,501,000 after purchasing an additional 10,009 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of PriceSmart by 9.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock worth $134,887,000 after purchasing an additional 132,555 shares during the period. BlackRock Inc. grew its stake in shares of PriceSmart by 2.5% during the 2nd quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock worth $115,604,000 after purchasing an additional 32,748 shares during the period. FMR LLC grew its stake in shares of PriceSmart by 1.0% during the 2nd quarter. FMR LLC now owns 1,124,293 shares of the company’s stock worth $98,488,000 after purchasing an additional 10,907 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of PriceSmart by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 654,058 shares of the company’s stock worth $58,374,000 after purchasing an additional 12,039 shares during the period. Institutional investors own 73.19% of the company’s stock.

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PriceSmart Company Profile

PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.

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