Stock of The Day: A Reversal for PriceSmart, Inc. Is Not Near. The Stock Rises Again

Stock of The Day: A Reversal for PriceSmart, Inc. Is Not Near. The Stock Rises Again

The stock of PriceSmart, Inc. (NASDAQ:PSMT) is a huge mover today! The stock increased 2.08% or $1.85 during the last trading session, hitting $90.95. About 225,506 shares traded hands or 95.79% up from the average. PriceSmart, Inc. (NASDAQ:PSMT) has risen 4.82% since March 29, 2016 and is uptrending. It has outperformed by 1.35% the S&P500.
The move comes after 6 months positive chart setup for the $2.86 billion company. It was reported on Oct, 31 by Barchart.com. We have $130.97 PT which if reached, will make NASDAQ:PSMT worth $1.26 billion more.

Analysts await PriceSmart, Inc. (NASDAQ:PSMT) to report earnings on November, 3. They expect $0.67 EPS, down 10.67% or $0.08 from last year’s $0.75 per share. PSMT’s profit will be $21.07 million for 33.94 P/E if the $0.67 EPS becomes a reality. After $0.55 actual EPS reported by PriceSmart, Inc. for the previous quarter, Wall Street now forecasts 21.82% EPS growth.

According to Zacks Investment Research, “PriceSmart, Inc. is primarily engaged in the operation of membership shopping warehouses in international markets. The company’s business consists of international membership shopping stores similar to, but smaller in size than, warehouse clubs in the United States. The warehouses sell basic consumer goods with an emphasis on quality, low prices and efficient operations. By offering low prices on brand name and private label merchandise, the warehouses seek to generate sufficient sales volumes to operate profitably at relatively low gross margins.”

Insitutional Activity: The institutional sentiment increased to 1.33 in Q2 2016. Its up 0.39, from 0.94 in 2016Q1. The ratio increased, as 16 funds sold all PriceSmart, Inc. shares owned while 48 reduced positions. 26 funds bought stakes while 59 increased positions. They now own 21.82 million shares or 0.22% more from 21.78 million shares in 2016Q1.
Dimensional Fund Advsrs L P accumulated 592,127 shares or 0.03% of the stock. The Oklahoma-based Bokf Na has invested 0.01% in PriceSmart, Inc. (NASDAQ:PSMT). Goldman Sachs Gru last reported 0% of its portfolio in the stock. Bahl & Gaynor reported 18,284 shares or 0.02% of all its holdings. Schwab Charles Investment last reported 94,323 shares in the company. Lpl Fincl Limited holds 4,920 shares or 0% of its portfolio. Quantitative Management Limited Co holds 4,000 shares or 0.02% of its portfolio. Financial Bank Of New York Mellon Corporation last reported 0% of its portfolio in the stock. Sei Communications holds 0% or 1,848 shares in its portfolio. Laurel Grove Limited, a California-based fund reported 11,378 shares. Massachusetts Finance Service Co Ma accumulated 674,142 shares or 0.03% of the stock. Blackrock has 21,711 shares for 0% of their US portfolio. American Century Companies accumulated 11,183 shares or 0% of the stock. Prudential Financial Incorporated holds 0% or 3,224 shares in its portfolio. Moreover, Bnp Paribas Investment Prns has 0.08% invested in PriceSmart, Inc. (NASDAQ:PSMT) for 96,776 shares.

Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 1 sale for $18.55 million net activity. 220,844 shares were sold by PRICE ROBERT E, worth $18.55 million.

More notable recent PriceSmart, Inc. (NASDAQ:PSMT) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 28, 2010, also Fool.com with their article: “PriceSmart Inc.’s Struggles Extend Beyond the Colombian Market” published on July 08, 2016, Quotes.Wsj.com published: “PriceSmart Inc. PSMT (US: Nasdaq)” on February 11, 2011. More interesting news about PriceSmart, Inc. (NASDAQ:PSMT) were released by: Fool.com and their article: “PriceSmart Inc. Grows Despite Currency Challenges” published on January 09, 2016 as well as Fool.com‘s news article titled: “PriceSmart Inc.’s Colombian Woes Pinch Sales, Profit, and Membership Fee Growth” with publication date: April 08, 2016.

PSMT Company Profile

PriceSmart, Inc. (PriceSmart), incorporated on August 17, 1994, business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Firm owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart. The Company’s operating divisions are the United States, Latin America and the Caribbean. The warehouse clubs sell basic high quality consumer goods at low prices to individuals and businesses. The Firm ships its United States and other internationally sourced merchandise directly to its warehouse clubs or to the Company’s consolidation points (distribution centers).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment