|Bid||55.75 x 800|
|Ask||90.00 x 900|
|Day's Range||65.81 - 67.30|
|52 Week Range||48.06 - 82.44|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||28.24|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||0.70 (1.04%)|
|1y Target Est||76.00|
PriceSmart's (PSMT) comps increase for the fourth straight month in September. We believe that the strategy to sell limited products at low prices help it generate member loyalty.
SAN DIEGO, Oct. 7, 2019 /PRNewswire/ -- PriceSmart, Inc. (PSMT) today announced that for the month of September 2019, net merchandise sales increased 1.2% to $246.6 million, from $243.7 million in September a year earlier. Foreign currency exchange rate fluctuations impacted net merchandise sales negatively by $5.1 million or 2.1% versus the same prior year one-month period. There were 43 warehouse clubs in operation at September 30, 2019 and 41 warehouse clubs in operation at September 30, 2018.
NEW YORK, Oct. 06, 2019 -- Bragar Eagel & Squire is investigating certain officers and directors of PriceSmart, Inc. (NASDAQ: PSMT), Pyxus International, Inc. (NYSE: PYX),.
If you're interested in PriceSmart, Inc. (NASDAQ:PSMT), then you might want to consider its beta (a measure of share...
SAN DIEGO, Oct. 3, 2019 /PRNewswire/ -- PriceSmart, Inc. (PSMT) today announced that in September of 2019, it secured approximately 218,000 square feet of land in Jamaica upon which the Company plans to construct its second warehouse club in that country. This club will be located within the city of Portmore, Jamaica. Portmore is a suburb west of the capital city of Kingston, Jamaica. In October of 2019, the Company acquired nearly 210,000 square feet of land in Colombia upon which the Company plans to construct its ninth warehouse club in that country.
PriceSmart (NASDAQ:PSMT) stock is soaring today on news of changes to the S&P Dow Jones Indices.Source: Icatnews / Shutterstock.com These changes include PriceSmart stock joining the S&P SmallCap 600. This will have the company replacing Finisar (NASDAQ:FNSR) in the group. The change is set to take place when the markets open on Thursday. It will place PSMT stock in the GICS Hypermarkets & Super Centers Sub-Industry index.So why exactly is PriceSmart joining the S&P SmallCap 600 in place of Finisar? It all has to do with a deal between Finisar and II-VI (NASDAQ:IIVI). This deal will have the latter acquiring the former. The deal is already close to completion, which is why PriceSmart will be taking Finisar's place on the SmallCap 600.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPriceSmart last reported earnings on July 10, 2019. The company's results were far from expectations. It saw profits for its fiscal third quarter of the year drop 25% from the same time last year. It also saw its revenue for the quarter drop from the same period of the year prior. * 7 Worst Stocks in the S&P 500 in 2019 PriceSmart will next be reporting earnings on October 29. The company plans to release its earnings report for its fiscal fourth quarter of 2019 after the markets close that day. Wall Street is expecting it to report earnings per share of 49 cents on revenue of $812.34 during the quarter.PriceSmart is a club retailer that requires customers to have a membership to shop in its stores. It is based out of San Diego, Calif. and founded back in 1993.PriceSmart stock was up 18% as of Monday afternoon and is up 2% since the start of the year.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Worst Stocks in the S&P 500 in 2019 * 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech * Apple and 4 Other Tech Stocks on the Move The post Why PriceSmart (PSMT) Stock Is Soaring Today appeared first on InvestorPlace.
Shares of PriceSmart Inc. ran up 18.5% in active afternoon trading Monday, putting them on track to close at a 10-month high, after S&P Dow Jones Indices said it was adding the membership-based warehouse retailer to the S&P SmallCap 600 index. PriceSmart's stock was the best performer within the SPDR S&P Retail ETF , which climbed 1.5% with 73 of 87 equity components gaining. The stock's rally lifted PriceSmart's market capitalization to $2.2 billion. S&P said companies in the SmallCap 600 have market caps in the range of $600 million to $2.4 billion. PriceSmart is replacing Finisar Corp. in the SmallCap 600, as Finisar is being acquired by II-VI Inc. . PriceSmart's stock has run up 38.4% over the past three months, while the S&P 500 has gained 19.6%.
The retail sector is showing some oomph following a new cut in U.S. interest rates last week. But the Dow Jones Industrial Average is showing steady action.
NEW YORK , Sept. 20, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 effective prior to the open of trading on Thursday, ...
PriceSmart's (PSMT) strategy to sell limited products at low prices helped it generate member loyalty. Comps increase for third straight month.
SAN DIEGO, Sept. 9, 2019 /PRNewswire/ -- PriceSmart, Inc. (PSMT) today announced that for the month of August 2019, net merchandise sales increased 4.5% to $259.9 million, from $248.8 million in August a year earlier. For the twelve months ended August 31, 2019, net merchandise sales increased 1.2% to $3,091.3 million from $3,053.8 million for the twelve months ended August 31, 2018. There were 43 warehouse clubs in operation at the end of August 2019 and 41 warehouse clubs in operation at the end of August 2018.
SAN DIEGO, Aug. 21, 2019 /PRNewswire/ -- PriceSmart, Inc. (PSMT) today announced that on August 21, 2019, it acquired approximately 111,000 square feet of land in Colombia upon which the Company plans to construct its 47th warehouse club. This club will be located within the city of Bogota, Colombia. "Securing our third location in the Bogota metropolitan area underscores our commitment to growth in this important market. The 170th Street Bogota Club will be the 8th club in Colombia and our fourth currently under development, including clubs in Guatemala, Panama, and Costa Rica," commented Sherry Bahrambeygui, CEO of PriceSmart, Inc.
Macy's (M) reports negative earnings surprise during the second quarter of fiscal 2019. Lower-than-expected performance and trimmed view gravely hurt investor sentiment.
PriceSmart (PSMT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
NEW YORK, Aug. 08, 2019 -- Bragar Eagel & Squire is investigating certain officers and directors of Grubhub, Inc. (NYSE: GRUB), Molson Coors Brewing Company (NYSE: TAP),.
NEW YORK, Aug. 07, 2019 -- Levi & Korsinsky announces it has commenced an investigation of PriceSmart, Inc. (NASDAQGS: PSMT) concerning possible breaches of fiduciary duty..
SAN DIEGO, Aug. 7, 2019 /PRNewswire/ -- PriceSmart, Inc. (PSMT) today announced that for the month of July 2019, net merchandise sales increased 2.8% to $255.8 million from $248.9 million in July a year earlier. For the eleven months ended July 31, 2019, net merchandise sales increased 0.9% to $2,831.4 million from $2,805.0 million in the same period last year. There were 43 warehouse clubs in operation at July 31, 2019 compared to 41 warehouse clubs in operation at July 31, 2018.
SAN DIEGO, Aug. 6, 2019 /PRNewswire/ -- PriceSmart, Inc. (PSMT) today announced that on July 31, 2019, it acquired approximately 227,000 square feet of land in Costa Rica, upon which the Company plans to open its 46th warehouse club. This club will be located within the city of Liberia, Costa Rica, which is situated in the northwestern part of Costa Rica and is approximately three hours from the capital city of San Jose, Costa Rica. This club will be PriceSmart's eighth warehouse club in Costa Rica and will be built as a small-club format in this secondary city.