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NASDAQ:PSMT

PriceSmart - PSMT Stock Forecast, Price & News

$67.51
+1.26 (+1.90%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
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
0.70mentions of PriceSmart in the last 14 days
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

PSMT stock logo

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

PriceSmart: Fails To Impress On All Parameters
PriceSmart (PSMT) Q3 2022 Earnings Call Transcript
A Preview Of Pricesmart's Earnings
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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

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
Hypermarkets & Super Centers
Current Symbol
NASDAQ:PSMT
CUSIP
74151110
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

Net Income
$97.96 million
Pretax Margin
3.82%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$5.43 per share
Book Value
$29.76 per share

Miscellaneous

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













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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