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PSMT

PriceSmart

$83.35

0.95 (1.15%)

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

PriceSmart reports July net merchandise sales increased 2.6% to $248.9M

PriceSmart announced that for the month of July, net merchandise sales increased 2.6% to $248.9M, from $242.5M in July a year earlier. For the eleven months ended July 31 net merchandise sales increased 5.0% to $2.805B from $2.6717B for the eleven months ended July 31, 2017. There were 41 warehouse clubs in operation at the end of July 2018 and 39 warehouse clubs in operation at the end of July 2017. For the four weeks ended July 29 comparable merchandise sales for the 39 warehouse clubs open at least 13 1/2 full months increased 0.2% compared to the same four-week period last year. For the forty-seven week period ended July 29 comparable merchandise sales increased 2.6%, compared to the comparable forty-seven week period a year ago.

PSMT PriceSmart
$83.35

0.95 (1.15%)

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

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AAPL

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ALRM

Alarm.com

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VIPS

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0.45 (8.41%)

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WMT

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WMT

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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BSX

Boston Scientific

$36.15

-0.06 (-0.17%)

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Boston Scientific put volume heavy and directionally bearish »

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IEP

Icahn Enterprises

$66.47

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AXP

American Express

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ECA

Encana

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MLCO

Melco Resorts & Entertainment

$16.89

0.44 (2.67%)

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PCG

PG&E

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UGAZ

VelocityShares 3x Long Natural Gas ETN

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RYB

RYB Education

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SWCH

Switch

$7.98

0.91 (12.87%)

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SFS

Smart & Final Stores

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

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MO

Altria Group

$58.47

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, PM

Philip Morris

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BTI

British American Tobacco

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TDW

Tidewater

$24.98

0.49 (2.00%)

, GLF

GulfMark Offshore

$27.62

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Tidewater

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GLF

GulfMark Offshore

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0.75 (2.79%)

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HSBC

HSBC

$41.91

0.15 (0.36%)

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Options
HSBC put volume heavy and directionally bearish »

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