PriceSmart (PSMT) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PriceSmart in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PSMT shares.
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1 analysts have issued twelve-month price targets for PriceSmart's stock. Their PSMT share price targets range from $82.00 to $82.00. On average, they predict the company's stock price to reach $82.00 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price.
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PriceSmart's stock was trading at $75.78 at the start of the year. Since then, PSMT stock has increased by 5.2% and is now trading at $79.71.
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PriceSmart saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 729,700 shares, a decrease of 23.2% from the March 15th total of 949,900 shares. Based on an average trading volume of 144,700 shares, the short-interest ratio is presently 5.0 days. Approximately 3.0% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 8th 2024.
View our PSMT earnings forecast.

PriceSmart, Inc. (NASDAQ:PSMT) announced its quarterly earnings results on Wednesday, April, 10th. The company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.07. The company earned $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. PriceSmart had a net margin of 2.62% and a trailing twelve-month return on equity of 11.85%. The firm's quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS.

PriceSmart declared a None dividend on Wednesday, April 3rd. Stockholders of record on Friday, April 19th will be given a dividend of $1.00 per share on Tuesday, April 30th. The ex-dividend date of this dividend is Thursday, April 18th.
Read our dividend analysis for PSMT.

PriceSmart (NASDAQ:PSMT) pays an annual dividend of $1.16 per share and currently has a dividend yield of 1.46%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSMT will have a dividend payout ratio of 22.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSMT.

ETFs with the largest weight of PriceSmart (NASDAQ:PSMT) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ), Harbor Corporate Culture Small Cap ETF (HAPS) and Syntax Stratified SmallCap ETF (SSLY).SPDR S&P 600 Small Cap ETF (SLY).

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's stock is owned by a number of retail and institutional investors. Top institutional investors include Fourth Sail Capital LP (0.09%) and Los Angeles Capital Management LLC (0.05%). Insiders that own company stock include Ana Luisa Bianchi, Chong Jesus Von, Christopher S Souhrada, Edgar Zurcher, Francisco Velasco, Frank Ramon Diaz, Gordon H Hanson, John D Hildebrandt, Juan Ignacio Biehl, Nicolas Maslowski, Philanthropies Foundatio Price, Robert E Price, Robert E Price, Rodrigo Calvo and Sherry S Bahrambeygui.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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