PriceSmart Stock Forecast, Price & News

PriceSmart's stock was trading at $50.71 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PSMT stock has increased by 34.8% and is now trading at $68.35.
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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, resulting in a consensus recommendation of "Hold."
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PriceSmart is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for PriceSmart.

PriceSmart will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

PriceSmart, Inc. (NASDAQ:PSMT) issued its quarterly earnings results on Thursday, July, 9th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The company had revenue of $799.90 million for the quarter, compared to analysts' expectations of $693.45 million. PriceSmart had a return on equity of 9.67% and a net margin of 2.37%. The company's revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 EPS.
View PriceSmart's earnings history.

PriceSmart announced a semi-annual dividend on Tuesday, February 11th. Stockholders of record on Saturday, August 15th will be given a dividend of $0.35 per share on Monday, August 31st. This represents a yield of 1.1%. The ex-dividend date is Thursday, August 13th.
View PriceSmart's dividend history.

1 brokerages have issued 1-year price targets for PriceSmart's shares. Their forecasts range from $78.00 to $78.00. On average, they expect PriceSmart's stock price to reach $78.00 in the next twelve months. This suggests a possible upside of 14.1% from the stock's current price.
View analysts' price targets for PriceSmart.

PriceSmart same store sales decreased by 4.9% in the month of June. PriceSmart shares climbed by 0% in the first full-day of trading following the news.

PriceSmart saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 615,600 shares, a decline of 27.4% from the August 15th total of 847,600 shares. Based on an average trading volume of 119,800 shares, the days-to-cover ratio is presently 5.1 days. Currently, 2.7% of the company's stock are sold short.
View PriceSmart's Short Interest.

Some companies that are related to PriceSmart include Five Below (FIVE), Ollie's Bargain Outlet (OLLI), BJs Wholesale Club (BJ), Big Lots (BIG), Tuesday Morning (TUES) and Fred's (FREDQ).
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Based on aggregate information from My MarketBeat watchlists, some companies that other PriceSmart investors own include NVIDIA (NVDA), salesforce.com (CRM), Walt Disney (DIS), AbbVie (ABBV), Alibaba Group (BABA), Micron Technology (MU), QUALCOMM (QCOM), Visa (V), Starbucks (SBUX) and Target (TGT).

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

PriceSmart's stock is owned by a variety of institutional and retail investors. Top institutional investors include EdgePoint Investment Group Inc. (12.12%), Kayne Anderson Rudnick Investment Management LLC (10.43%), Vanguard Group Inc. (8.34%), FMR LLC (4.11%), Marathon Asset Management LLP (1.57%) and Bank of New York Mellon Corp (0.95%). Company insiders that own PriceSmart stock include Chong Jesus Von, Frank Ramon Diaz, Gordon H Hanson, John D Hildebrandt, Jose Luis Laparte, Juan Ignacio Biehl, Mitchell G Lynn, Philanthropies Foundatio Price, Robert E Price, Rodrigo Calvo, Sherry S Bahrambeygui and William J Naylon.
View institutional ownership trends for PriceSmart.

PSMT stock was sold by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., FMR LLC, Charles Schwab Investment Management Inc., Kayne Anderson Rudnick Investment Management LLC, Holocene Advisors LP, Bank of America Corp DE, Goldman Sachs Group Inc., and London Co. of Virginia. Company insiders that have sold PriceSmart company stock in the last year include Chong Jesus Von, John D Hildebrandt, Juan Ignacio Biehl, Philanthropies Foundatio Price, Robert E Price, and William J Naylon.
View insider buying and selling activity for PriceSmart.

PSMT stock was purchased by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Prudential Financial Inc., Vanguard Group Inc., Bessemer Group Inc., Mitsubishi UFJ Trust & Banking Corp, AQR Capital Management LLC, Hussman Strategic Advisors Inc., and SG Americas Securities LLC.
View insider buying and selling activity for PriceSmart.

Shares of PSMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PSMT stock can currently be purchased for approximately $68.35.

PriceSmart has a market capitalization of $2.09 billion and generates $3.22 billion in revenue each year. PriceSmart employs 9,000 workers across the globe.

The official website for PriceSmart is www.pricesmart.com.

PriceSmart's mailing address is 9740 SCRANTON ROAD, SAN DIEGO CA, 92121. The company can be reached via phone at 858-404-8800 or via email at [email protected]