PriceSmart - PSMT Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PriceSmart in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12 month price objectives for PriceSmart's stock. Their PSMT share price forecasts range from $77.00 to $77.00. On average, they expect the company's share price to reach $77.00 in the next year. This suggests a possible upside of 10.0% 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 15.2% and is now trading at $70.00.
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PriceSmart saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 605,300 shares, an increase of 25.4% from the February 28th total of 482,800 shares. Based on an average daily trading volume, of 104,900 shares, the short-interest ratio is currently 5.8 days. Approximately 2.4% of the company's shares are sold short.
View PriceSmart's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 10th 2023.
View our PSMT earnings forecast.

PriceSmart will be holding an earnings conference call on Tuesday, April 11th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "6733003".

PriceSmart, Inc. (NASDAQ:PSMT) released its earnings results on Monday, January, 9th. The company reported $1.05 earnings per share for the quarter. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.08 billion. PriceSmart had a trailing twelve-month return on equity of 10.86% and a net margin of 2.58%. The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $0.98 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 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), Invesco S&P SmallCap Low Volatility ETF (XSLV), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), SPDR S&P 600 Small CapValue ETF (SLYV), Small Cap US Equity Select ETF (RNSC), iShares S&P Small-Cap 600 Value ETF (IJS) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

PriceSmart (NASDAQ:PSMT) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.32%. 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 26.67%. 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 number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.75%), Geode Capital Management LLC (1.68%), Charles Schwab Investment Management Inc. (1.18%), Wells Fargo & Company MN (0.96%), JPMorgan Chase & Co. (0.69%) and Morgan Stanley (0.68%). Insiders that own company stock include Ana Luisa Bianchi, Brud E Drachman, Chong Jesus Von, Christopher S Souhrada, Edgar Zurcher, 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.
View institutional ownership trends.

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 $70.00.

PriceSmart (NASDAQ:PSMT) has a market capitalization of $2.17 billion and generates $4.07 billion in revenue each year. The company earns $104.53 million in net income (profit) each year or $3.45 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.