PriceSmart Stock Price, News & Analysis (NASDAQ:PSMT)

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PriceSmart in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PSMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSMT, but not buy additional shares or sell existing shares.
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1 brokerages have issued 12 month price objectives for PriceSmart's stock. Their PSMT share price targets range from $82.00 to $82.00. On average, they predict the company's stock price to reach $82.00 in the next twelve months. This suggests a possible upside of 20.1% from the stock's current price.
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PriceSmart's stock was trading at $60.78 on January 1st, 2023. Since then, PSMT shares have increased by 12.3% and is now trading at $68.28.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 8th 2024.
View our PSMT earnings forecast.

PriceSmart, Inc. (NASDAQ:PSMT) posted its earnings results on Monday, October, 30th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by $0.20. The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.10 billion. PriceSmart had a trailing twelve-month return on equity of 11.60% and a net margin of 2.48%. PriceSmart's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share.

PriceSmart announced a Semi-Annual dividend on Friday, February 3rd. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.46 per share on Thursday, August 31st. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for PSMT.

PriceSmart (NASDAQ:PSMT) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.36%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.29%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PSMT.

ETFs with the largest weight of PriceSmart (NASDAQ:PSMT) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), Qraft AI-Enhanced Next Value ETF (NVQ), Harbor Corporate Culture Small Cap ETF (HAPS) and Small Cap US Equity Select ETF (RNSC).SPDR S&P 600 Small Cap ETF (SLY).

21 employees have rated PriceSmart Chief Executive Officer Jose Luis Laparte on Glassdoor.com. Jose Luis Laparte has an approval rating of 100% among the company's employees. This puts Jose Luis Laparte in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other PriceSmart investors own include Salesforce (CRM), NVIDIA (NVDA), Walt Disney (DIS), AbbVie (ABBV), Alibaba Group (BABA), Micron Technology (MU), QUALCOMM (QCOM), Visa (V), Home Depot (HD) and Starbucks (SBUX).

PriceSmart's stock is owned by a number of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (7.53%), Black Creek Investment Management Inc. (5.44%), FMR LLC (3.28%), Charles Schwab Investment Management Inc. (1.30%), Bank of New York Mellon Corp (1.00%) and Northern Trust Corp (0.97%). Insiders that own company stock include Ana Luisa Bianchi, Brud E Drachman, Chong Jesus Von, Christopher S Souhrada, Edgar Zurcher, Francisco Velasco, Frank Ramon Diaz, Gordon H Hanson, John D Hildebrandt, Juan Ignacio Biehl, Leon C Janks, Mitchell G Lynn, Nicolas Maslowski, Philanthropies Foundatio Price, Robert E Price, Robert E Price, Rodrigo Calvo, Sherry S Bahrambeygui and William J Naylon.
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Shares of PSMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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