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

PriceSmart (NASDAQ:PSMT) had its price objective hoisted by stock analysts at Jefferies Financial Group from $82.00 to $90.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 13.36% from the company’s previous close.

A number of other analysts have also recently commented on the company. StockNews.com cut PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th. TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a research note on Tuesday, January 30th.

PriceSmart Stock Up 1.5 %

PriceSmart stock opened at $79.39 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 19.95 and a beta of 0.92. PriceSmart has a 1-year low of $61.82 and a 1-year high of $86.90. The business has a fifty day moving average price of $81.75 and a 200-day moving average price of $75.73.

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

Insider Buying and Selling at PriceSmart

In related 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 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 document filed with the SEC, which is available through the SEC website. In related news, Director Edgar Zurcher sold 1,075 shares of PriceSmart stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $79.08, for a total value of $85,011.00. Following the completion of the transaction, the director now owns 8,822 shares in the company, valued at approximately $697,643.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gordon H. Hanson sold 937 shares of PriceSmart stock in a transaction dated Monday, April 15th. The shares were 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 of the company’s stock, valued at approximately $636,404.34. The disclosure for this sale can be found here. Company insiders own 18.60% of the company’s stock.

Institutional Investors Weigh In On PriceSmart

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of PriceSmart by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,177,335 shares of the company’s stock worth $236,489,000 after purchasing an additional 133,814 shares during the last quarter. Tudor Investment Corp Et Al boosted its holdings in shares of PriceSmart by 43.4% during the 3rd quarter. Tudor Investment Corp Et Al now owns 63,803 shares of the company’s stock worth $4,749,000 after purchasing an additional 19,311 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of PriceSmart by 77.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 41,675 shares of the company’s stock worth $3,102,000 after purchasing an additional 18,249 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of PriceSmart by 114.4% during the 3rd quarter. American Century Companies Inc. now owns 492,976 shares of the company’s stock worth $36,692,000 after purchasing an additional 263,016 shares during the last quarter. Finally, RWC Asset Management LLP acquired a new position in shares of PriceSmart during the 3rd quarter worth approximately $4,778,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

PriceSmart Company Profile

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.