PriceSmart’s (NASDAQ:PSMT) same store sales climbed 0.2% during the month of July. PriceSmart’s stock dropped by 0.8% in the first day of trading following the report.

A number of brokerages recently issued reports on PSMT. BidaskClub raised PriceSmart from a “hold” rating to a “buy” rating in a report on Wednesday. TheStreet downgraded PriceSmart from a “b-” rating to a “c+” rating in a report on Thursday, August 2nd. ValuEngine raised PriceSmart from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Zacks Investment Research downgraded PriceSmart from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Finally, Scotiabank set a $86.00 price target on PriceSmart and gave the company a “hold” rating in a report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $91.50.

In other news, Director Robert E. Price sold 10,000 shares of the stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $89.04, for a total value of $890,400.00. Following the completion of the sale, the director now directly owns 80 shares of the company’s stock, valued at $7,123.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 60,000 shares of company stock valued at $5,063,600 over the last three months. Corporate insiders own 28.00% of the company’s stock.

PSMT stock opened at $85.55 on Friday. The company has a market capitalization of $2.52 billion, a PE ratio of 28.24 and a beta of 1.15. PriceSmart has a twelve month low of $77.30 and a twelve month high of $94.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.36 and a quick ratio of 0.49.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, July 5th. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.08). The firm had revenue of $782.20 million during the quarter, compared to analyst estimates 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 company posted $0.62 earnings per share. sell-side analysts predict that PriceSmart will post 3.01 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. EdgePoint Investment Group Inc. boosted its holdings 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 acquiring an additional 20,058 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings 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 acquiring an additional 149,580 shares during the period. BlackRock Inc. boosted its holdings 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 acquiring an additional 114,121 shares during the period. FMR LLC boosted its holdings 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 acquiring an additional 76,580 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings 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 acquiring an additional 67,169 shares during the period. 76.61% of the stock is owned by institutional investors and hedge funds.

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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