PriceSmart’s (NASDAQ:PSMT) same-store sales increased by 1% during the month of October. PriceSmart’s stock fell by 0.1% in the first full-day of trading following the news.

PSMT has been the subject of several research reports. TheStreet downgraded shares of PriceSmart from a “b” rating to a “c+” rating in a research report on Thursday, July 13th. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Ifs Securities initiated coverage on shares of PriceSmart in a research report on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective for the company. Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Roth Capital set a $102.00 price objective on shares of PriceSmart and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. PriceSmart presently has a consensus rating of “Hold” and an average target price of $92.50.

In other PriceSmart news, EVP John D. Hildebrandt sold 1,614 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total transaction of $134,720.58. Following the completion of the sale, the executive vice president now directly owns 17,237 shares in the company, valued at $1,438,772.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 28.00% of the company’s stock.

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Shares of PriceSmart (NASDAQ:PSMT) traded up $0.60 on Tuesday, hitting $82.40. 91,283 shares of the stock traded hands, compared to its average volume of 123,494. PriceSmart has a 12 month low of $78.00 and a 12 month high of $94.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.40 and a quick ratio of 0.55. The company has a market capitalization of $2,510.00, a PE ratio of 27.45 and a beta of 1.33.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.09). PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The firm had revenue of $733.50 million during the quarter, compared to the consensus estimate of $733.64 million. During the same period in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts forecast that PriceSmart will post 3.2 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. UBS Asset Management Americas Inc. grew its position in shares of PriceSmart by 42.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 9,756 shares of the company’s stock valued at $900,000 after acquiring an additional 2,917 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of PriceSmart by 12.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 20,083 shares of the company’s stock valued at $1,852,000 after acquiring an additional 2,285 shares during the period. Prudential Financial Inc. bought a new position in shares of PriceSmart during the 1st quarter valued at approximately $310,000. SG Americas Securities LLC bought a new position in shares of PriceSmart during the 1st quarter valued at approximately $135,000. Finally, Principal Financial Group Inc. grew its position in shares of PriceSmart by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 2,857 shares of the company’s stock valued at $263,000 after acquiring an additional 81 shares during the period. 73.16% of the stock is owned by institutional investors and hedge funds.

About PriceSmart

PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.

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