Roth Capital Maintains Buy On Shares Of Pricesmart, $105 PT
In a research report issued today, Roth Capital analyst Dave King maintained a Buy rating on Pricesmart (NASDAQ:PSMT) with a price target of $105.00.
King observed, “4QFY14 EPS of $0.73 was a penny below consensus, but above our $0.71 estimate on higher revenue and stronger gross margin, partially offset by higher expenses. Sales growth continued to slow as expected, though it should improve from accelerating store and membership growth and subsiding new store cannibalization over the coming year. We continue to recommend PriceSmart for its quality business model, strong management, leading market position, and robust growth profile.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave King has a total average return of -1.2% and a 52.3% success rate. King has a 5.2% average return when recommending PSMT, and is ranked #2661 out of 3350 analysts.