NASDAQ:PSMTPriceSmart Stock Price, Forecast & News

PriceSmart's stock was trading at $50.71 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PSMT shares have increased by 28.0% and is now trading at $64.93.
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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 Tuesday, November 3rd 2020.
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PriceSmart, Inc. (NASDAQ:PSMT) issued its earnings results on Thursday, July, 9th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.27 by $0.14. The business had revenue of $799.90 million for the quarter, compared to the consensus estimate of $693.45 million. PriceSmart had a return on equity of 9.67% and a net margin of 2.37%. PriceSmart's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS.
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PriceSmart announced a semi-annual dividend on Tuesday, February 11th. Investors of record on Saturday, August 15th will be given a dividend of $0.35 per share on Monday, August 31st. This represents a dividend yield of 1.1%. The ex-dividend date is Thursday, August 13th.
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1 analysts have issued twelve-month price targets for PriceSmart's shares. Their forecasts range from $78.00 to $78.00. On average, they anticipate PriceSmart's stock price to reach $78.00 in the next year. This suggests a possible upside of 20.1% from the stock's current price.
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PriceSmart same-store sales fell 4.9% during the month of June. PriceSmart stock rose by 0% in the first day of trading following the news.

News coverage about PSMT stock has trended somewhat negative on Wednesday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PriceSmart earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the near term.
View the latest news about PriceSmart.

PriceSmart saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 695,800 shares, a drop of 9.6% from the June 30th total of 769,700 shares. Based on an average daily volume of 143,000 shares, the short-interest ratio is presently 4.9 days. Approximately 3.4% of the company's stock are short sold.
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Some companies that are related to PriceSmart include Ollie's Bargain Outlet (OLLI), Five Below (FIVE), 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 AbbVie (ABBV), Alibaba Group (BABA), salesforce.com (CRM), NVIDIA (NVDA), Target (TGT), United Technologies (UTX), Bank of America (BAC), Medtronic (MDT), Micron Technology (MU) and QUALCOMM (QCOM).

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

PriceSmart's stock is owned by many different retail and institutional investors. Top institutional shareholders include Marathon Asset Management LLP (1.57%), Raymond James & Associates (0.32%), Hussman Strategic Advisors Inc. (0.12%), SG Americas Securities LLC (0.10%), Comerica Bank (0.08%) and UBS Group AG (0.06%). Company insiders that own PriceSmart stock include Chong Jesus Von, Frank Ramon Diaz, Gordon H Hanson, John D Hildebrandt, Jose Luis Laparte, Mitchell G Lynn, Philanthropies Foundatio Price, Robert E Price, Rodrigo Calvo, Sherry S Bahrambeygui and William J Naylon.
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PSMT stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Texas Permanent School Fund, and Arizona State Retirement System. Company insiders that have sold PriceSmart company stock in the last year include Chong Jesus Von, John D Hildebrandt, Philanthropies Foundatio Price, Robert E Price, and William J Naylon.
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PSMT stock was acquired by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Hussman Strategic Advisors Inc., SG Americas Securities LLC, Ziegler Capital Management LLC, Duality Advisers LP, Dupont Capital Management Corp, UBS Group AG, and Exchange Traded Concepts 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 $64.93.

PriceSmart has a market capitalization of $1.99 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]