PriceSmart (PSMT) Stock Forecast, Price & News

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.
View PSMT analyst ratings or view top-rated stocks.

1 analysts have issued 1 year price targets for PriceSmart's shares. Their PSMT share price forecasts range from $82.00 to $82.00. On average, they predict the company's share price to reach $82.00 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for PSMT or view top-rated stocks among Wall Street analysts.

PriceSmart's stock was trading at $60.78 on January 1st, 2023. Since then, PSMT shares have increased by 22.5% and is now trading at $74.48.
View the best growth stocks for 2023 here.

PriceSmart saw a increase in short interest in August. As of August 31st, there was short interest totaling 930,000 shares, an increase of 62.8% from the August 15th total of 571,200 shares. Based on an average daily volume of 139,500 shares, the short-interest ratio is presently 6.7 days. Currently, 3.7% of the shares of the stock are sold short.
View PriceSmart's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our PSMT earnings forecast.

PriceSmart will be holding an earnings conference call on Tuesday, October 31st at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-764-8692 with passcode "496180 #".

PriceSmart, Inc. (NASDAQ:PSMT) issued its quarterly earnings results on Tuesday, July, 11th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. PriceSmart had a net margin of 2.71% and a trailing twelve-month return on equity of 12.20%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS.

PriceSmart declared a Semi-Annual dividend on Friday, February 3rd. Investors of record on Tuesday, August 15th will be given a dividend of $0.46 per share on Thursday, August 31st. This represents a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 14th.
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 U.S. 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).

PriceSmart (NASDAQ:PSMT) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.23%. 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 24.47%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PSMT.

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 trades on the NASDAQ under the ticker symbol "PSMT."

PriceSmart's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.81%), Kayne Anderson Rudnick Investment Management LLC (8.30%), Black Creek Investment Management Inc. (5.29%), Dimensional Fund Advisors LP (3.88%), State Street Corp (3.22%) and Geode Capital Management LLC (1.81%). 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, Jeffrey Fisher, 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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One share of PSMT stock can currently be purchased for approximately $74.48.

PriceSmart (NASDAQ:PSMT) has a market capitalization of $2.31 billion and generates $4.07 billion in revenue each year. The company earns $104.53 million in net income (profit) each year or $3.76 on an earnings per share basis.

The company employs 10,600 workers across the globe.

PriceSmart's mailing address is 9740 SCRANTON ROAD, SAN DIEGO CA, 92121. The official website for the company is www.pricesmart.com. The company can be reached via phone at (858) 404-8800, via email at ir@pricesmart.com, or via fax at 858-581-4500.