PriceSmart - PSMT Stock Forecast, Price & News

1 Wall Street equities research 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 equities research 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 brokers have issued 12 month price objectives for PriceSmart's shares. Their PSMT share price forecasts range from $77.00 to $77.00. On average, they anticipate the company's share price to reach $77.00 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price.
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PriceSmart's stock was trading at $60.78 at the beginning of 2023. Since then, PSMT shares have increased by 21.0% and is now trading at $73.57.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 6th 2023.
View our PSMT earnings forecast.

PriceSmart, Inc. (NASDAQ:PSMT) released its quarterly earnings results on Monday, January, 9th. The company reported $1.05 EPS for the quarter. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.08 billion. PriceSmart had a net margin of 2.58% and a trailing twelve-month return on equity of 10.86%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share.

PriceSmart announced a Semi-Annual dividend on Friday, February 3rd. Shareholders of record on Thursday, February 16th will be given a dividend of $0.46 per share on Tuesday, February 28th. This represents a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, February 15th.
Read our dividend analysis for PSMT.

PriceSmart (NASDAQ:PSMT) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.16%. The company 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 institutional and retail investors. Top institutional investors include Ceredex Value Advisors LLC (0.28%), Raymond James & Associates (0.27%), Swiss National Bank (0.19%), Assenagon Asset Management S.A. (0.17%), Oppenheimer & Co. Inc. (0.10%) and State of New Jersey Common Pension Fund D (0.10%). 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.
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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 $73.57.

PriceSmart (NASDAQ:PSMT) has a market capitalization of $2.28 billion and generates $4.15 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.