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PSMT

PriceSmart

$83.55

0.6 (0.72%)

08:05
02/07/18
02/07
08:05
02/07/18
08:05

PriceSmart reports January sales up 6.2% to $243.6M, SSS up 0.5%

PriceSmart announced that for the month of January 2018, net sales increased 6.2% to $243.6M from $229.4M in January a year earlier. For the five months ended January 31, 2018, net sales increased 4.7% to $1.3331B from $1.2737B in the same period last year. There were 40 warehouse clubs in operation at the end of January 2018 compared to 39 warehouse clubs in operation in January 2017. For the four weeks ended January 28, 2018, comparable warehouse sales for the 39 warehouse clubs open at least 13 1/2 full months increased 0.5% compared to the same four-week period last year. For the twenty-one-week period ended January 28, 2018, comparable warehouse sales increased 2.9% compared to the comparable twenty-one-week period a year ago.

PSMT PriceSmart
$83.55

0.6 (0.72%)

12/29/17
12/29/17
UPGRADE
Target $100

Outperform
PriceSmart upgraded to Outperform ahead of earnings at IFS Securities
As previously reported, IFS Securities analyst Ronald Bookbinder upgraded PriceSmart to Outperform from Market Perform ahead of the company's earnings report, which is due Thursday, January 4. He expects Q1 results to be in-line to slightly below consensus, but also predicts a more promising outlook given higher oil prices, better Colombian operations and the improving U.S. economy. Bookbinder raised his price target on PriceSmart shares to $100 from $85.
12/29/17
12/29/17
NO CHANGE

On The Fly: Top five analyst actions
Catch up on today's top five analyst actions with this list compiled by The Fly: 1. AstraZeneca (AZN) upgraded to Overweight from Neutral at JPMorgan with analyst James Gordon saying the company's "superior medium-term growth outlook," which is twice the peer average, warrants a 25% sector premium. 2. PriceSmart (PSMT) upgraded to Outperform from Market Perform at IFS Securities. 3. Novo Nordisk (NVO) upgraded to Neutral from Underweight at JPMorgan with analyst Richard Vosser saying he expects "strong" oral semaglutide Phase III newsflow in 2018. 4. Syntel (SYNT) downgraded to Underperform from Market Perform at Wells Fargo with analyst Ed Caso saying he sees the company's "weak" positioning for the ongoing shift in information technology demand from "legacy" low-cost offshore-centric software services to more onshore-necessary "digital" solutions as dragging down its growth and margins. 5. RioCan REIT downgraded to Sector Perform from Outperform at RBC Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/05/18
HOWW
01/05/18
DOWNGRADE
HOWW
Sector Perform
PriceSmart downgraded to Sector Perform from Outperform at Scotia Howard Weil
01/05/18
01/05/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PriceSmart (PSMT) downgraded to Sector Perform from Outperform at Scotia Howard Weil. 2. Teva (TEVA) downgraded to Underperform from Market Perform at Wells Fargo with analyst David Maris saying Teva shares have now risen approximately 80% from its lows in November. 3. Roku (ROKU) downgraded to Sell from Neutral at Citi with analyst Mark May saying the stock is up 266% from its initial public offering price of $14 just three months ago. 4. Johnson Controls (JCI) downgraded to Neutral from Outperform at Baird with analyst Timothy Wojs saying valuation is fair in light of slower growth, lower free-cash flow conversion, and "choppier" execution. 5. Wingstop (WING) downgraded to Neutral from Outperform at Wedbush with analyst Nick Setyan saying while drivers of "solid" low single-digit same-store sales growth in 2018 exist, current consensus estimates may prove "overly optimistic." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AAPL

Apple

$172.43

-0.56 (-0.32%)

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BLK

BlackRock

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0.45 (0.08%)

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BlackRock upgrades outlook for stocks on earnings momentum, Reuters says »

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FB

Facebook

$177.36

-2.6 (-1.44%)

16:06
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Facebook increasing security team size following Russia indictment, Axios says »

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SNHY

Sun Hydraulics

$55.48

-0.74 (-1.32%)

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CCL

Carnival

$69.50

-0.1 (-0.14%)

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Carnival Fascination resumes year-round service from San Juan »

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LUV

Southwest

$58.27

0.09 (0.15%)

15:58
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Southwest Cargo team to begin shipping internationally in spring 2018 »

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PPG

PPG

$116.16

-0.03 (-0.03%)

15:55
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PPG appoints senior business director, mobility »

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CUB

Cubic

15:51
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Cubic announces semiannual dividend »

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CREE

Cree

$36.71

0.21 (0.58%)

15:48
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Cree names Thomas Wessel as senior vice president of Global Sales and Marketing »

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DB

Deutsche Bank

$16.08

-0.03 (-0.19%)

13:59
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13:59
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Upgrade
Deutsche Bank rating change at BofA/Merrill »

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MNLO

Menlo Therapeutics

$34.88

-0.44 (-1.25%)

13:59
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13:59
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Initiation
Menlo Therapeutics initiated at Guggenheim »

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SHPG

Shire

$134.06

-1.24 (-0.92%)

13:58
02/19/18
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13:58
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Downgrade
Shire rating change at JPMorgan »

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CVR

Chicago Rivet & Machine

$31.62

-0.0725 (-0.23%)

13:48
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Hot Stocks
Chicago Rivet & Machine announces increase in quarterly cash dividend »

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NBL

Noble Energy

$26.28

-0.09 (-0.34%)

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TOT

Total

$57.13

0.29 (0.51%)

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Total signs definitive agreements with Borealis, NOVA Chemicals to form JV »

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SYY

Sysco

$60.00

0.63 (1.06%)

13:39
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Sysco acquires Doerle Food Services »

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SBGI

Sinclair Broadcast

$36.30

-0.95 (-2.55%)

, CMCSA

Comcast

$39.79

-0.29 (-0.72%)

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SBGI

Sinclair Broadcast

$36.30

-0.95 (-2.55%)

CMCSA

Comcast

$39.79

-0.29 (-0.72%)

CMCSK

Comcast

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III

Information Services

$4.24

-0.02 (-0.47%)

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Information Services releases first client-facing mobile app »

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CAT

Caterpillar

$156.29

-3.69 (-2.31%)

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Tony Fassino appointed vice president of Caterpillar's BCP division »

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CE

Celanese

$102.49

-0.16 (-0.16%)

13:22
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Celanese CFO Chris Jensen steps down, Scott Richardson to succeed »

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WOR

Worthington

$46.70

0.57 (1.24%)

, JPM

JPMorgan

$114.68

-0.83 (-0.72%)

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WOR

Worthington

$46.70

0.57 (1.24%)

JPM

JPMorgan

$114.68

-0.83 (-0.72%)

PNC

PNC Financial

$159.08

-0.78 (-0.49%)

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VJET

voxeljet

13:15
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TEI, voxeljet sign volume contract for 3D printed sand »

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LLY

Eli Lilly

$78.97

0.95 (1.22%)

13:11
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Treatment with Eli Lilly Taltz resulted in improvement in genital psoriasis »

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ALV

Autoliv

$145.81

-0.64 (-0.44%)

13:07
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Autoliv new electronics spinoff company to be named Veoneer »

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SNY

Sanofi

$39.91

0.19 (0.48%)

13:04
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Tuberculosis vaccine trial results offer potential for new BCG strategies »

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