PriceSmart (NASDAQ:PSMT) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.
Other analysts have also issued research reports about the company. Zacks Investment Research upgraded PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Saturday, January 13th. Scotiabank lowered PriceSmart to a “hold” rating and set a $90.00 target price on the stock. in a research note on Friday, January 5th. Ifs Securities upgraded PriceSmart from a “market perform” rating to an “outperform” rating in a research note on Friday, December 29th. Scotia Howard Weill reiterated a “sector perform” rating on shares of PriceSmart in a research note on Friday, January 5th. Finally, Howard Weil lowered PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $92.50.
Shares of PriceSmart (NASDAQ:PSMT) opened at $78.75 on Tuesday. PriceSmart has a twelve month low of $77.50 and a twelve month high of $94.00. The firm has a market capitalization of $2,444.45, a price-to-earnings ratio of 27.16 and a beta of 1.29. The company has a current ratio of 1.39, a quick ratio of 0.44 and a debt-to-equity ratio of 0.11.
A number of hedge funds have recently added to or reduced their stakes in PSMT. Public Employees Retirement System of Ohio increased its stake in PriceSmart by 16.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock worth $128,000 after purchasing an additional 206 shares during the period. Ameritas Investment Partners Inc. increased its stake in PriceSmart by 12.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock worth $170,000 after purchasing an additional 210 shares during the period. SG Americas Securities LLC purchased a new stake in PriceSmart in the fourth quarter worth $186,000. Guggenheim Capital LLC purchased a new stake in PriceSmart in the fourth quarter worth $203,000. Finally, Ellington Management Group LLC purchased a new stake in PriceSmart in the fourth quarter worth $232,000. Institutional investors and hedge funds own 74.43% 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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