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 5.8%COMPARABLE NET MERCHANDISE SALES INCREASED 6.7% $1.45 EARNINGS PER DILUTED SHARE SAN DIEGO, April 9, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), operator of 55 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal second quarter of 2025, which ended on February 28, 2025. Second Quarter Financial Results Total revenues for the second quarter of fiscal year 2025 increased 5.6% to $1.36 billion compared to $1.29 billion in the comparable period of the prior year. For t
SAN DIEGO, Feb. 28, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) plans to release financial results for the second quarter of fiscal year 2025 on Wednesday, April 9, 2025, 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, April 10, 2025, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8228 for domestic callers 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 c
SAN DIEGO, Feb. 7, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, today announced an 8.6% increase to its annual dividend and the results of the Company's 2025 annual meeting of stockholders that was held on February 6, 2025. Declaration of Cash Dividend On February 6, 2025, the Company's Board of Directors declared an annual cash dividend in the total amount of $1.26 per share, with $0.63 per share payable on February 28, 2025 to stockholders of record as of February 1
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4 - PRICESMART INC (0001041803) (Issuer)
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
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NET MERCHANDISE SALES GREW 5.8%COMPARABLE NET MERCHANDISE SALES INCREASED 6.7% $1.45 EARNINGS PER DILUTED SHARE SAN DIEGO, April 9, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT), operator of 55 warehouse clubs in 12 countries and one U.S. territory, today announced results for the fiscal second quarter of 2025, which ended on February 28, 2025. Second Quarter Financial Results Total revenues for the second quarter of fiscal year 2025 increased 5.6% to $1.36 billion compared to $1.29 billion in the comparable period of the prior year. For t
Robert Price to Step Down as Interim CEO; Will Become Executive Chairman of the Board of Directors David Price Named CEO to Succeed Robert Price SAN DIEGO, March 3, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) today announced that Robert Price has notified the Board of Directors of his intention to step down as Interim Chief Executive Officer effective August 31, 2025. David Price, the Company's current Executive Vice President and Chief Transformation Officer and member of the Board of Directors, will become Chief Executive Officer effective September 1, 2025. Robert Price will become Executive Chairman of the Board of Directors.
SAN DIEGO, Feb. 28, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) plans to release financial results for the second quarter of fiscal year 2025 on Wednesday, April 9, 2025, 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, April 10, 2025, to discuss the financial results. Individuals interested in participating in the conference call may do so by dialing toll free (800) 549-8228 for domestic callers 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 c
Robert Price to Step Down as Interim CEO; Will Become Executive Chairman of the Board of Directors David Price Named CEO to Succeed Robert Price SAN DIEGO, March 3, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ:PSMT) today announced that Robert Price has notified the Board of Directors of his intention to step down as Interim Chief Executive Officer effective August 31, 2025. David Price, the Company's current Executive Vice President and Chief Transformation Officer and member of the Board of Directors, will become Chief Executive Officer effective September 1, 2025. Robert Price will become Executive Chairman of the Board of Directors.
BTB Therapeutics, Inc., a clinical-stage drug development company developing a non-opioid pain medicine ENDOPIN, today announced the election of David R. Snyder, Esq. and Nobuhiro Yagi, PhD to its board of directors. Mr. Snyder retired as a partner with Pillsbury Winthrop Shaw Pittman LLP effective January 1, 2025. Mr. Snyder was a lawyer in the firm's Corporate & Securities practice for over 30 years, focusing on corporate finance and mergers and acquisitions for both private and public companies. For the past several years he has held an adjunct faculty appointment at the University of San Diego School of Law. Mr. Snyder holds a Doctor of Law degree from Cornell University and a Bachelor
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.
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