NASDAQ:PSMT

PriceSmart - PSMT Stock Forecast, Price & News

$67.51

+1.26 (+1.90%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $65.89
▼
$68.35
50-Day Range: $63.97
▼
$76.37
52-Week Range: $63.14
▼
$88.30

Volume: 121,493 shs
Average Volume: 129,149 shs
Market Capitalization: $2.09 billion

P/E Ratio: 20.71
Dividend Yield: 1.30%
Price Target: $100.00

PriceSmart MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 48.1% Upside
$100.00 Price Target
Short Interest: Healthy
2.17% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.82
Upright™ Environmental Score
News Sentiment: 0.70
Based on 4 Articles This Week
Insider Trading: Selling Shares
$5.73 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Retail/Wholesale Sector

40th out of 218 stocks

Variety Stores Industry

3rd out of 11 stocks

3.5

Analyst's Opinion

Consensus Rating
PriceSmart has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $100.00, PriceSmart has a forecasted upside of 48.1% from its current price of $67.51.
Amount of Analyst Coverage
PriceSmart has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.17% of the float of PriceSmart has been sold short.
Short Interest Ratio / Days to Cover
PriceSmart has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PriceSmart has recently decreased by 2.71%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
PriceSmart pays a meaningful dividend of 1.30%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
PriceSmart has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of PriceSmart is 26.38%. This payout ratio is at a healthy, sustainable level, below 75%.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PriceSmart has received a -3.12% net impact score from Upright. The largest negative impact of Pricesmart in category "GHG emissions" seems to be driven mostly by its "Physical retail of seafood at a hypermarket", "Physical retail of processed meat products at a hypermarket", "Physical retail of clothing at a hypermarket", "Physical retail of dairy products at a hypermarket", "Physical retail of vehicle chemicals at a hypermarket", and "Physical retail of pet products at a hypermarket" products. See details.
Environmental Sustainability
The Environmental Impact score for PriceSmart is -1.82.

2.6

News and Social Media Coverage

News Sentiment
PriceSmart has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for PriceSmart this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 2 people have added PriceSmart to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PriceSmart insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,726,163.00 in company stock.
Percentage Held by Insiders
20.90% of the stock of PriceSmart is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
77.00% of the stock of PriceSmart is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of PriceSmart is 20.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of PriceSmart is 20.71, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 40.16.
Price to Book Value per Share Ratio
PriceSmart has a P/B Ratio of 2.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PriceSmart (NASDAQ:PSMT) Stock

PriceSmart, Inc. owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products, essential goods, fresh produce, prepared foods, and fresh-baked goods, as well as provides services, such as optical, tire center, and other ancillary services. The company also operates Click & Go, an e-commerce platform for online ordering, curbside pickup, and delivery services. As of March 29, 2022, it operated 49 warehouse clubs in 12 countries and one U.S. territory. PriceSmart, Inc. was incorporated in 1994 and is headquartered in San Diego, California.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PSMT. Scotiabank raised shares of PriceSmart from a "sector perform" rating to a "sector outperform" rating and set a $100.00 price objective on the stock in a report on Tuesday, April 19th. StockNews.com upgraded PriceSmart from a "hold" rating to a "buy" rating in a research report on Tuesday, July 19th.

PriceSmart Stock Performance

NASDAQ:PSMT traded up $1.26 during trading hours on Tuesday, reaching $67.51. The company had a trading volume of 121,493 shares, compared to its average volume of 129,149. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.30 and a quick ratio of 0.50. PriceSmart has a 1-year low of $63.14 and a 1-year high of $88.30. The business's 50 day moving average price is $68.92 and its 200-day moving average price is $74.06. The firm has a market cap of $2.09 billion, a PE ratio of 20.71 and a beta of 0.70.

PriceSmart (NASDAQ:PSMT - Get Rating) last posted its earnings results on Monday, July 11th. The company reported $0.62 earnings per share for the quarter. PriceSmart had a net margin of 2.55% and a return on equity of 10.65%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $951.87 million. During the same period in the previous year, the firm earned $0.73 EPS. The business's quarterly revenue was up 15.1% on a year-over-year basis.

Insider Buying and Selling

In other news, Director Robert E. Price sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $65.93, for a total transaction of $659,300.00. Following the completion of the transaction, the director now directly owns 616,033 shares of the company's stock, valued at approximately $40,615,055.69. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Robert E. Price sold 10,000 shares of the business's stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $65.93, for a total transaction of $659,300.00. Following the completion of the sale, the director now owns 616,033 shares of the company's stock, valued at $40,615,055.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Philanthropies Foundatio Price sold 6,800 shares of the firm's stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $71.06, for a total transaction of $483,208.00. Following the completion of the transaction, the insider now directly owns 3,313,755 shares in the company, valued at $235,475,430.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,719 shares of company stock valued at $5,726,163. 20.90% of the stock is owned by company insiders.

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PSMT Stock News Headlines

August 14, 2022 | seekingalpha.com

PriceSmart Stock: Slowly Looking Smarter (NASDAQ:PSMT) - Seeking Alpha

August 12, 2022 | nasdaq.com

Ex-Dividend Reminder: Church & Dwight, Papa John's International and PriceSmart

August 8, 2022 | finance.yahoo.com

PriceSmart (NASDAQ:PSMT) Is Increasing Its Dividend To $0.43

August 2, 2022 | americanbankingnews.com

PriceSmart, Inc. (NASDAQ:PSMT) EVP Chong Jesus Von Sells 719 Shares

July 20, 2022 | nasdaq.com

PriceSmart (NASDAQ:PSMT) Is Increasing Its Dividend To $0.43 - Nasdaq

July 20, 2022 | finance.yahoo.com

PriceSmart's (NASDAQ:PSMT) Shareholders Will Receive A Bigger Dividend Than Last Year

July 20, 2022 | benzinga.com

UnitedHealth Group And 3 Other Stocks Insiders Are Selling - Benzinga - Benzinga

July 17, 2022 | seekingalpha.com

PriceSmart: Fails To Impress On All Parameters

July 12, 2022 | benzinga.com

PriceSmart shares are trading lower after the company reported worse-than-expected Q3 EPS results. - Benz - Benzinga

July 12, 2022 | fool.com

PriceSmart (PSMT) Q3 2022 Earnings Call Transcript - The Motley Fool

July 12, 2022 | finance.yahoo.com

PriceSmart (PSMT) Q3 2022 Earnings Call Transcript

July 11, 2022 | greenwichtime.com

PriceSmart: Fiscal Q3 Earnings Snapshot - Greenwich Time

July 11, 2022 | bloomberg.com

Stock Markets Today: Russian gas, UK PM race, Twitter battle, recession clues - Bloomberg

July 10, 2022 | seekingalpha.com

Earnings week ahead: Delta Air Lines, Pepsi, big banks, and more

July 10, 2022 | msn.com

A Preview Of Pricesmart's Earnings

July 8, 2022 | benzinga.com

A Preview Of Pricesmart's Earnings - Benzinga

July 5, 2022 | investors.com

Pricesmart Shows Improved Relative Price Performance; Still Shy Of Benchmark - Investor's Business Daily

July 5, 2022 | finance.yahoo.com

PriceSmart Announces Earnings Release and Conference Call Details for the Third Quarter of Fiscal 2022

June 16, 2022 | forbes.com

Will These Discount Retailers Beat Inflation? - Forbes

June 8, 2022 | streetinsider.com

Mastercard Commits to Delivering Economic Empowerment Tools and Resources to More than One Million Women in Guatemala, El Salvador, and Honduras - StreetInsider.com

June 7, 2022 | finance.yahoo.com

Mastercard Commits to Delivering Economic Empowerment Tools and Resources to More than One Million Women in Guatemala, El Salvador, and Honduras - Yahoo Finance

June 6, 2022 | businesswire.com

2022 Warehouse Club Focus Newsletter - Featuring BJ's Wholesale, Costco Wholesale, PriceSmart and Sam's Club - ResearchAndMarkets.com - Business Wire

May 31, 2022 | investors.com

Pricesmart Shows Market Leadership With Jump To 82 RS Rating - Investor's Business Daily

May 28, 2022 | finance.yahoo.com

PriceSmart (NASDAQ:PSMT) Has Announced That It Will Be Increasing Its Dividend To US$0.43

May 23, 2022 | finance.yahoo.com

The total return for PriceSmart (NASDAQ:PSMT) investors has risen faster than earnings growth over the last three years

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PSMT Company Calendar

Last Earnings: 7/11/2022
Ex-Dividend for 8/31 Dividend: 8/12/2022
Today: 8/16/2022
Dividend Payable: 8/31/2022
Fiscal Year End: 8/31/2022
Next Earnings (Estimated): 10/20/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Variety stores
Sub-Industry: Hypermarkets & Super Centers
Sector: Retail/Wholesale
Current Symbol: NASDAQ:PSMT
CUSIP: 74151110
CIK: 1041803
Web: www.pricesmart.com
Phone: (858) 404-8800
Fax: 858-581-4500
Employees: 10,400
Year Founded: 1993

Price Target and Rating

Average Stock Price Forecast: $100.00
High Stock Price Forecast: $100.00
Low Stock Price Forecast: $100.00
Forecasted Upside/Downside: +48.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.26
Trailing P/E Ratio: 20.71
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $97.96 million
Net Margins: 2.55%
Pretax Margin: 3.82%
Return on Equity: 10.65%
Return on Assets: 5.70%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 1.30
Quick Ratio: 0.50

Sales & Book Value

Annual Sales: $3.62 billion
Price / Sales: 0.58
Cash Flow: $5.43 per share
Price / Cash Flow: 12.44
Book Value: $29.76 per share
Price / Book: 2.27

Miscellaneous

Outstanding Shares: 30,932,000
Free Float: 24,467,000
Market Cap: $2.09 billion
Optionable: Optionable
Beta: 0.70

Social Links

Key Executives

Mr. Robert E. Price (Age 80)
Founder & Independent Chairman
Ms. Sherry S. Bahrambeygui (Age 58)
CEO & Director
Comp: $3.97M
Mr. Michael L. McCleary CPA (Age 57)
CPA, Exec. VP, CFO & Principal Accounting Officer
Comp: $887.15k
Mr. John D. Hildebrandt (Age 64)
Chief Operating Officer
Comp: $821.63k
Mr. Francisco J. Velasco (Age 51)
Exec. VP, Gen. Counsel, Corp. Sec. and Chief Ethics & Compliance Officer
Comp: $885.06k
Mr. William J. Naylon (Age 60)
Exec. Officer
Comp: $974.47k
Mr. Juan Ignacio Biehl (Age 56)
Exec. VP of Digital Experience & CTO
Mr. Alberto Morales
Sr. VP of HR
Mr. Brud E. Drachman (Age 67)
Exec. VP of Environmental Responsibility, Construction & Facilities
Ms. Catherine D. Alvarez-Smith
Sr. VP of Operational Controlling

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PSMT Stock - Frequently Asked Questions

Should I buy or sell PriceSmart stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PriceSmart in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSMT shares.
View PSMT analyst ratings or view top-rated stocks.
What is PriceSmart's stock price forecast for 2022?: 2 Wall Street analysts have issued 12-month price objectives for PriceSmart's stock. Their PSMT share price forecasts range from $100.00 to $100.00. On average, they anticipate the company's stock price to reach $100.00 in the next twelve months. This suggests a possible upside of 48.1% from the stock's current price.
View analysts price targets for PSMT or view top-rated stocks among Wall Street analysts.
How have PSMT shares performed in 2022?: PriceSmart's stock was trading at $73.17 at the beginning of 2022. Since then, PSMT stock has decreased by 7.7% and is now trading at $67.51.
View the best growth stocks for 2022 here.
When is PriceSmart's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our PSMT earnings forecast.
How were PriceSmart's earnings last quarter?: PriceSmart, Inc. (NASDAQ:PSMT) issued its earnings results on Monday, July, 11th. The company reported $0.62 earnings per share for the quarter. The firm earned $1.03 billion during the quarter, compared to the consensus estimate of $951.87 million. PriceSmart had a trailing twelve-month return on equity of 10.65% and a net margin of 2.55%. PriceSmart's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS.
How often does PriceSmart pay dividends? What is the dividend yield for PriceSmart?: PriceSmart declared a semi-annual dividend on Tuesday, February 8th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.43 per share on Wednesday, August 31st. This represents a yield of 1.2%. The ex-dividend date is Friday, August 12th.
Read our dividend analysis for PSMT.
Is PriceSmart a good dividend stock?: PriceSmart (NASDAQ:PSMT) pays an annual dividend of $0.86 per share and currently has a dividend yield of 1.30%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PSMT.
What is Jose Luis Laparte's approval rating as PriceSmart's CEO?: 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.

What other stocks do shareholders of PriceSmart own?: 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).
What is PriceSmart's stock symbol?: PriceSmart trades on the NASDAQ under the ticker symbol "PSMT."
Who are PriceSmart's major shareholders?: PriceSmart's stock is owned by many different institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (8.20%), Black Creek Investment Management Inc. (5.29%), FMR LLC (4.76%), State Street Corp (3.01%), Wells Fargo & Company MN (1.10%) and London Co. of Virginia (0.60%). Insiders that own company stock include Ana Luisa Bianchi, Brud E Drachman, Chong Jesus Von, Frank Ramon Diaz, 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.
How do I buy shares of PriceSmart?: 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.
Compare Top Brokerages Here.
What is PriceSmart's stock price today?: One share of PSMT stock can currently be purchased for approximately $67.51.
How much money does PriceSmart make?: PriceSmart (NASDAQ:PSMT) has a market capitalization of $2.09 billion and generates $3.62 billion in revenue each year. The company earns $97.96 million in net income (profit) each year or $3.26 on an earnings per share basis.
How many employees does PriceSmart have?: The company employs 10,400 workers across the globe.
When was PriceSmart founded?: PriceSmart was founded in 1993.
How can I contact PriceSmart?: 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.

This page (NASDAQ:PSMT) was last updated on 8/16/2022 by MarketBeat.com Staff

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PriceSmart - PSMT Stock Forecast, Price & News

PriceSmart MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month