PriceSmart Inc. (NASDAQ:PSMT) – Equities research analysts at Roth Capital lifted their Q2 2017 earnings per share estimates for shares of PriceSmart in a research report issued on Monday. Roth Capital analyst D. King now anticipates that the brokerage will post earnings per share of $0.89 for the quarter, up from their prior forecast of $0.88. Roth Capital has a “Buy” rating and a $95.00 price objective on the stock.
Separately, Zacks Investment Research cut shares of PriceSmart from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.33.
Shares of PriceSmart (NASDAQ:PSMT) traded up 0.89% on Thursday, reaching $86.02. 147,140 shares of the company traded hands. The stock has a 50-day moving average price of $83.04 and a 200 day moving average price of $84.62. The firm has a market capitalization of $2.57 billion, a P/E ratio of 29.38 and a beta of 1.50. PriceSmart has a 1-year low of $68.51 and a 1-year high of $98.49.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Pacad Investment Ltd. acquired a new position in shares of PriceSmart during the first quarter valued at $364,000. BlackRock Inc. boosted its position in shares of PriceSmart by 1.4% in the first quarter. BlackRock Inc. now owns 31,743 shares of the company’s stock valued at $2,685,000 after buying an additional 431 shares in the last quarter. BlackRock Group LTD boosted its position in shares of PriceSmart by 12.5% in the first quarter. BlackRock Group LTD now owns 96,281 shares of the company’s stock valued at $8,144,000 after buying an additional 10,703 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of PriceSmart by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 487,339 shares of the company’s stock valued at $41,219,000 after buying an additional 10,942 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of PriceSmart by 0.4% in the first quarter. M&T Bank Corp now owns 9,829 shares of the company’s stock valued at $831,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.
PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.
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