PriceSmart (NASDAQ:PSMT) Price Target Raised to $90.00 at Jefferies Financial Group

PriceSmart (NASDAQ:PSMT) had its price target upped by investment analysts at Jefferies Financial Group from $82.00 to $90.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 11.91% from the company’s current price.

PSMT has been the subject of several other reports. StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th. TheStreet raised PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th.

PriceSmart Trading Up 1.3 %

Shares of PriceSmart stock opened at $80.42 on Wednesday. PriceSmart has a 1 year low of $61.82 and a 1 year high of $86.90. The firm has a market cap of $2.45 billion, a PE ratio of 20.21 and a beta of 0.92. The stock has a fifty day moving average price of $81.79 and a 200-day moving average price of $75.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, April 10th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm posted $1.25 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts anticipate that PriceSmart will post 4.38 EPS for the current year.

Insider Buying and Selling

In other PriceSmart news, Director Gordon H. Hanson sold 937 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $79.86, for a total value of $74,828.82. Following the completion of the transaction, the director now owns 7,969 shares in the company, valued at approximately $636,404.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Gordon H. Hanson sold 937 shares of PriceSmart stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $79.86, for a total transaction of $74,828.82. Following the completion of the sale, the director now owns 7,969 shares in the company, valued at approximately $636,404.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edgar Zurcher sold 1,075 shares of PriceSmart stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $79.08, for a total value of $85,011.00. Following the sale, the director now owns 8,822 shares of the company’s stock, valued at approximately $697,643.76. The disclosure for this sale can be found here. 18.60% of the stock is currently owned by insiders.

Institutional Trading of PriceSmart

A number of large investors have recently modified their holdings of PSMT. Vanguard Group Inc. raised its holdings in shares of PriceSmart by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company’s stock valued at $251,533,000 after buying an additional 141,920 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of PriceSmart by 6.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,592,064 shares of the company’s stock valued at $185,281,000 after buying an additional 148,758 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of PriceSmart by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,261,945 shares of the company’s stock valued at $95,631,000 after buying an additional 60,673 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of PriceSmart by 0.7% during the 2nd quarter. State Street Corp now owns 998,361 shares of the company’s stock valued at $73,939,000 after buying an additional 6,772 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

About PriceSmart

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.