Jefferies initiated coverage on PriceSmart with a new price target
$PSMT
Department/Specialty Retail Stores
Consumer Discretionary
Jefferies initiated coverage of PriceSmart with a rating of Buy and set a new price target of $82.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/1/2023 | $82.00 | Buy | Jefferies |
| 11/29/2022 | $96.00 → $77.00 | Sector Outperform → Sector Perform | Scotiabank |
| 4/19/2022 | $100.00 | Sector Perform → Sector Outperform | Scotiabank |
NET MERCHANDISE SALES GREW 9.5%COMPARABLE NET MERCHANDISE SALES INCREASED 6.2% $0.94 EARNINGS PER DILUTED SHARE SAN DIEGO, Oct. 30, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal fourth quarter of 2024, which ended on August 31, 2024. Fourth Quarter Financial Results Total revenues for the fourth quarter of fiscal year 2024 increased 9.6% to $1.23 billion compared to $1.12 billion in the same period of the prior year. For the fourt
SAN DIEGO, Sept. 3, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) plans to release financial results for the fourth quarter of fiscal year 2024 on Wednesday, October 30, 2024, after the market closes. PriceSmart management will host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Thursday, October 31, 2024, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8228 or (646) 564-2877 for international callers and asking to join the PriceSmart earnings call. A digital replay will be available shortly following the conclusion of the call through Thur
NET MERCHANDISE SALES GREW 11.6%COMPARABLE NET MERCHANDISE SALES INCREASED 7.8% $1.08 EARNINGS PER DILUTED SHARE SAN DIEGO, July 10, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal third quarter of 2024, which ended on May 31, 2024. Third Quarter Financial Results Total revenues for the third quarter of fiscal year 2024 increased 12.1% to $1.23 billion compared to $1.10 billion in the comparable period of the prior year. For the thi
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Jefferies initiated coverage of PriceSmart with a rating of Buy and set a new price target of $82.00
Scotiabank downgraded PriceSmart from Sector Outperform to Sector Perform and set a new price target of $77.00 from $96.00 previously
Scotiabank upgraded PriceSmart from Sector Perform to Sector Outperform and set a new price target of $100.00
NET MERCHANDISE SALES GREW 9.5%COMPARABLE NET MERCHANDISE SALES INCREASED 6.2% $0.94 EARNINGS PER DILUTED SHARE SAN DIEGO, Oct. 30, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal fourth quarter of 2024, which ended on August 31, 2024. Fourth Quarter Financial Results Total revenues for the fourth quarter of fiscal year 2024 increased 9.6% to $1.23 billion compared to $1.12 billion in the same period of the prior year. For the fourt
SAN DIEGO, Sept. 3, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) plans to release financial results for the fourth quarter of fiscal year 2024 on Wednesday, October 30, 2024, after the market closes. PriceSmart management will host a conference call at 12:00 p.m. Eastern time (9:00 a.m. Pacific time) on Thursday, October 31, 2024, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8228 or (646) 564-2877 for international callers and asking to join the PriceSmart earnings call. A digital replay will be available shortly following the conclusion of the call through Thur
NET MERCHANDISE SALES GREW 11.6%COMPARABLE NET MERCHANDISE SALES INCREASED 7.8% $1.08 EARNINGS PER DILUTED SHARE SAN DIEGO, July 10, 2024 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal third quarter of 2024, which ended on May 31, 2024. Third Quarter Financial Results Total revenues for the third quarter of fiscal year 2024 increased 12.1% to $1.23 billion compared to $1.10 billion in the comparable period of the prior year. For the thi
PriceSmart, Inc. (NASDAQ:PSMT) shares are trading higher after the company reported third-quarter FY24 revenue growth of 12.1% Y/Y to $1.23 billion, beating the consensus of $1.21 billion. Net merchandise sales grew 11.6% to $1.19 billion in the quarter, and on a constant currency basis, sales increased by 9.1% Y/Y. Comparable net merchandise sales for the 50 warehouse clubs open for more than 13 ½ calendar months increased 7.8% for the 13 weeks ended June 2, 2024. Operating income rose to $49.9 million from $43.1 million in the prior year quarter. Adjusted EBITDA stood at $71.0 million vs. $63.9 million in the same period last year. Adjusted EPS of $1.08, exceeding the consensus
The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels. An in-line to tamer monthly headline number could push up the S&P 500 Index by as much as 1.75%, according to JPMorgan’s trading desk. A miss could send the index tumbling by as much as 2.50%, traders at the firm said. The first few key earnings reports that dropped in disappointed, likely setting off worries concerning the reporting season. Traders may also keep a close eye on a cou
Shares of WD-40 Company (NASDAQ:WDFC) rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its third quarter on Wednesday. Quarterly sales came in at $155 million which beat the analyst consensus estimate of $145.8 million. WD-40 reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.27 per share, according to data from Benzinga Pro. WD-40 shares jumped 12.5% to $247.20 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Volcon, Inc. (NASDAQ:VLCN) rose 65.8% to $6.05 in pre-market trading after declining over 6% on Wednesday. Actelis Networks, Inc.
David Price Appointed Executive Vice President and Chief Transformation Officer Welcomes Wayne Sadin as Chief Information Officer SAN DIEGO, July 28, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) announced today that David Price, formerly the Executive Vice President and Chief of Staff to the Interim CEO, has been appointed as Executive Vice President and Chief Transformation Officer, effective immediately. The Company expects this organizational change will promote better collaboration, alignment, and agility within the Company. Several key areas will now report to Mr. Price including Information Technology, PriceSmart.com, and the Project Management Office.
SAN DIEGO, June 2, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT) today announced the release of its Environmental and Social Responsibility (ESR) report for fiscal year 2022 (September 1, 2021 to August 31, 2022). PriceSmart's second annual ESR report illustrates the Company's continued dedication to sustainability, responsible corporate conduct, and transparency in its business in the United States and across the 12 countries and one U.S. territory in which the Company operates. This ESR report provides an overview of PriceSmart's commitment to employees, Members, commu
SAN DIEGO, Feb. 3, 2023 /PRNewswire/ -- PriceSmart, Inc. (NASDAQ:PSMT), operator of 50 warehouse clubs in 12 countries and one U.S. territory, today announced a 7.0% increase to its annual dividend, the results of the Company's 2023 annual meeting of stockholders that was held on February 3, 2023 and the appointment of a new director to the Company's Board of Directors. Comments from Robert Price, Interim Chief Executive Officer: "Driven by the strength of our business and cash flows from operations, the Board of Directors has increased the annual dividend by approximately 7.0
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