Pricesmart에 대한 매도 수량은 투자자에게 Pricesmart의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Pricesmart (NASDAQ:PSMT) 주식, 공매도 수량 보고

Pricesmart

Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in the Caribbean, Costa Rica, Panama, and other regions. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income. Its operations consist of four reportable segments; Central America, the Caribbean, Colombia, and the United States. A majority of the company's revenue is derived from Central America.

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Pre-Market Outlook

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Trading Ideas

PSMT

WDFC

목요일 아침 (미 동부 시간 기준) 미국 주식 선물이 하락세로 거래되면서 오늘 투자자의 관심을 끌 수 있는 주식은 다음과 같다: 월스트리트는 펩시코(NASDAQ:PEP)가 개장 전 226억 달러의 매출과 주당 2.16달러의 분기 이익을 보고할 것으로 예상하고 있다. Benzinga Pro의 데이터에 따르면 펩시코의 주식은 시간외 거래에서 0.2% 상승한 163.99달러를 기록했다.

목요일 주목해야 할 주식: 펩시코, 델타 항공, 콘아그라 그리고 2종목

ICCC

KRUS

MANU

수요일 오전(미 동부 시간 기준) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다:

수요일 주목해야 할 주식: 맨체스터 유나이티드, 프라이스스마트, 쿠라 스시 그리고 2종목

Pricesmart Inc

WIIM

PriceSmart shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results.

Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) reported quarterly earnings of $0.94 per share which missed the analyst consensus estimate of $1.03 by 8.74 percent. This is a 44.62 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $1.226 billion which beat the analyst consensus estimate of $1.217 billion by 0.71 percent. This is a 9.66 percent increase over sales of $1.118 billion the same period last year.

Earnings Beats

Earnings Misses

Pricesmart Q4 2024 Adj. EPS $0.94 Misses $1.03 Estimate, Sales $1.226B Beat $1.217B Estimate

Michael McCleary, EVP &amp; CFO at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), disclosed an insider sell on July 24, according to a recent SEC filing.
What Happened: McCleary's decision to sell 4,000 shares of Pricesmart was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000179671424000002//Archives/edgar/data/1041803/000179671424000002/0001796714-24-000002-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $350,044.
Monitoring the market, Pricesmart's shares down by 0.0% at $86.18 during Thursday's morning.
<h3>About Pricesmart</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Unraveling the Financial Story of Pricesmart</h3>
Revenue Growth: Pricesmart displayed positive results in 3 months. As of 31 May, 2024, the company achieved a solid revenue growth rate of approximately 12.11%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 17.06%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.08.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average at 0.24, reflecting a lower dependency on debt financing and a more conservative financial approach.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 20.96 is lower than the industry average, implying a discounted valuation for Pricesmart's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.54 is lower than the industry average, implying a discounted valuation for Pricesmart's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 9.43, Pricesmart presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Important</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Pricesmart EVP & CFO Sold $350K In Company Stock

Revealing a significant insider sell on July 18, Sherry Bahrambeygui, Director at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024032143//Archives/edgar/data/1041803/000162828024032143/0001628280-24-032143-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Bahrambeygui sold 23,141 shares of Pricesmart. The total transaction value is $2,000,909.
Pricesmart shares are trading down 0.71% at $89.93 at the time of this writing on Thursday morning.
<h3>Get to Know Pricesmart Better</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Pricesmart: Delving into Financials</h3>
Revenue Growth: Pricesmart's revenue growth over a period of 3 months has been noteworthy. As of 31 May, 2024, the company achieved a revenue growth rate of approximately 12.11%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: With a low gross margin of 17.06%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.08, Pricesmart showcases strong earnings per share.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average at 0.24, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 22.04 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.57, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 9.91, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Pricesmart Director Trades $2.00M In Company Stock

Francisco Velasco, EVP at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), executed a substantial insider sell on July 18, according to an SEC filing.
What Happened: Velasco's recent move involves selling 1,298 shares of Pricesmart. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024032145//Archives/edgar/data/1041803/000162828024032145/0001628280-24-032145-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $112,926.
The latest market snapshot at Thursday morning reveals Pricesmart shares down by 0.71%, trading at $89.93.
<h3>Unveiling the Story Behind Pricesmart</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Understanding the Numbers: Pricesmart's Finances</h3>
Revenue Growth: Over the 3 months period, Pricesmart showcased positive performance, achieving a revenue growth rate of 12.11% as of 31 May, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: With a low gross margin of 17.06%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.08.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.24.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 22.04 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.57, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 9.91, Pricesmart presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sell Alert: Francisco Velasco Cashes Out $112K In Pricesmart Stock

PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) shares are trading higher after the company reported third-quarter FY24 revenue growth of&nbsp;12.1% Y/Y to&nbsp;$1.23&nbsp;billion, beating<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39717674/pricesmart-announces-fiscal-2024-third-quarter-operating-results" rel="noreferrer noopener"> the consensus of $1.21 billion</a>.
Net merchandise sales grew 11.6% to $1.19 billion in the quarter, and on a constant currency basis, sales increased by 9.1% Y/Y.
Comparable net merchandise sales for the 50 warehouse clubs open for more than 13 ½ calendar months increased&nbsp;7.8%&nbsp;for the 13 weeks ended June&nbsp;2, 2024.
Operating income rose to $49.9 million from $43.1 million in the prior year quarter. Adjusted EBITDA stood at $71.0 million vs. $63.9 million in the same period last year.
Adjusted&nbsp;EPS of $1.08, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">exceeding the consensus of $1.01</a>.
As of May-end, the company had 54 warehouse clubs in operation vs 51 the prior year. The company held cash and equivalents of $231 million.
Investors can gain exposure to the stock via Invesco S&amp;P SmallCap Consumer Staples ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCC#NASDAQ">PSCC</a>).
<h2 class="wp-block-heading">PSMT Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Pricesmart&#8217;s revenue has grown at an average rate of 9.71% annually over the past 5 years. The average 1-year price target from analysts is $90.0, representing an expected 14.37% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Pricesmart have seen an annualized return of -3.19%, underperforming the S&amp;P500 index by 11.91%. This compares to 6.17% growth in the overall Consumer Staples sector. Pricesmart has a beta of 1.04.
Price Action: PSMT shares are up 1.25% at $79.28 at the last check Thursday.

Equities

Small Cap

PSCC

PriceSmart Packs A Punch: Q3 Earnings Soar Past Estimates with Solid Sales Growth

The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels. An in-line to tamer monthly headline number could push up the S&amp;P 500 Index by as much as 1.75%, according to JPMorgan&#8217;s trading desk. A miss could send the index tumbling by as much as 2.50%, traders at the firm said.
The first few key earnings reports that dropped in disappointed, likely setting off worries concerning the reporting season. Traders may also keep a close eye on a couple of speeches by Federal Reserve officials and the Treasury auctions scheduled for the day.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.08%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.10%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.13%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.07%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.08% to $560.88 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.04% to $502.75, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
U.S. stocks advanced strongly on Wednesday due to the support lent by Fed Chair Jerome Powell&#8217;s dovish comments that further accelerated the tech rally. The major indices gap-opened higher and moved roughly sideways in the first hour of trading. As traders digested Powell&#8217;s comments, they launched into a steady rally until the final hour of trading and the slope of the rally steepened thereafter, lifting the averages to a strong close.
The S&amp;P 500 Index and the tech-heavy Nasdaq Composite continued their record-breaking streak, both on an intraday and closing basis, with the former setting its sixth straight record close and the latter the seventh. The Dow Jones Industrials Average, which has lagged its other two illustrious counterparts, had the best session since May 31, with all but two index components closing in the green.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.18%</td>
<td>18,647.45</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.02%</td>
<td>5,633.91</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.09%</td>
<td>39,721.36</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.10%</td>
<td>2,051.75</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts:</figcaption></figure>
Lisa Shalett, Chief Investment Officer at Morgan Stanley, in a recent podcast, offered her take on the implications of the Nov. 5 election for investors now that it appears that the presumptive Republican candidate Donald Trump appeared to be pulling away with an appreciable lead.
She sees a potential extension of the 2017 tax cuts in the eventuality of a GOP victory to contribute to higher interest rates, which in turn may weigh on corporate profits and stock valuations. Higher tariffs could reignite inflationary pressure, potentially exacerbating consumer pain from high prices, she said. The strategist also sees immigration curbs to slow U.S. population gains that have supported economic growth and disinflation. 
&#8220;Investors should consider adding portfolio exposure to business sectors such as energy, telecommunications and utilities, while focusing on investments that offer growth at a reasonable price,&#8221; she said.
Lumida Wealth&#8217;s Ram Ahluwalia suggested that Wednesday&#8217;s stock market rally is a foretaste of things to come when the Fed cuts rate. &#8220;What you saw yesterday, and on last month's CPI print, is a preview of what will happen when the Fed cuts Small caps especially will ramp, and we can see it happening now,&#8221; he said.
Upcoming Economic Data:
The Bureau of Labor Statistics is due to release its consumer price inflation report for June at 8:30 a.m. EDT. The consensus estimates are as follows:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Consensus</td>
<td>April Readings</td>
</tr>
<tr>
<td>CPI (m-o-m)</td>
<td>0.1%</td>
<td>0%</td>
</tr>
<tr>
<td>CPI (y-o-y)</td>
<td>3.1%</td>
<td>3.3%</td>
</tr>
<tr>
<td>Core CPI (m-o-m)</td>
<td>0.2%</td>
<td>0.2%</td>
</tr>
<tr>
<td>Core CPI (y-o-y)</td>
<td>3.4%</td>
<td>3.4%</td>
</tr>
</tbody>
</table>
</figure>
Among the other Main Street events are:
<ul>
<li>The Labor Department&#8217;s weekly jobless claims report, due at 8:30 a.m. EDT, is expected to show that the number of individuals claiming unemployment benefits may have edged down to 236,000 in the week ended July 6 versus 238,000 in the previous reporting week.</li>
<li>Atlanta Fed President Raphael Bostic&nbsp;is scheduled to speak at 11:15 a.m. EDT.</li>
<li>St. Louis Fed President Alberto Musalem&nbsp;will make a public appearance at 1 p.m. EDT.</li>
<li>The Treasury will auction four- and eight-week notes at 11:30 a.m. EDT and 30-year notes at 1 p.m. EDT.</li>
<li>The Treasury will release the monthly federal budget for June at 2 p.m. EDT. Economists, on average, expect the deficit to shrink from $228 billion to $33 billion.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) rose nearly 6% <a href="https://benzinga.grsm.io/register174">in premarket trading </a>in reaction to its quarterly results, while WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) climbed nearly 12.50%.</li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and PepsiCo. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>) reported q<a href="https://www.benzinga.com/calendars/earnings">uarterly results ahead of the market open</a>, with the former falling over 6% after an earnings miss and weak third-quarter forecast, while the latter fell over 1.50% as second-quarter sales came in just shy of estimates of some analysts.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 0.61% following its 11-session winning streak, while its mega-cap peer Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued to grind higher.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures climbed for a second straight session and traded around the $82.50-a-barrel level and gold futures also traded in the green as they approached the $2,400 mark.
The 10-year Treasury note yield, which edged down on Wednesday, was modestly lower at 4.273%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged down but has climbed past the $58K level after settling Wednesday&#8217;s session at around $57.7K.
Among equity markets, Asia followed Wall Street&#8217;s lead and closed notably higher, with the Hong Kong and Chinese markets recording standout gains. Japan&#8217;s Nikkei 224 average ended at a record high. Some positive regional data also added to the buoyancy. The Indian market bucked the trend and settled marginally lower.
In Europe, stocks started on a firm note after German inflation data came in line with expectations and the U.K. GDP rose strongly in the second quarter.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39708345/around-19m-bet-on-this-tech-stock-check-out-these-3-stocks-insiders-are-buying">Around $19M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying</a></li>
</ul>
Stocks Photo by Phongphan on Shutterstock

Futures

Previews

Federal Reserve

Movers

$BTC

NVDA

TSLA

Wall Street Jittery Ahead Of Key Inflation Data After Delta Air Lines, Pepsi Disappoint: Strategist Recommends Sector Picks Amid Evolving Election Dynamics

Shares of WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) rose sharply in today's pre-market trading after the company posted stronger-than-expected results for its <a href="https://www.benzinga.com/news/earnings/24/07/39718439/wd-40-stock-climbs-on-better-than-expected-q3-results-the-details">third quarter on Wednesday</a>.
Quarterly sales came in at $155 million which beat the analyst consensus estimate of $145.8 million. WD-40 reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.27 per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
WD-40 shares jumped 12.5% to $247.20 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Volcon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) rose 65.8% to $6.05 in pre-market trading after declining over 6% on Wednesday.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares rose 47.7% to $2.32 in pre-market trading after the company announced it received a significant order valued at $260,000 to modernize the traffic systems in a major Mid-Atlantic county in the United States.</li>
<li>MingZhu Logistics Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YGMZ#NASDAQ">YGMZ</a>) gained 45.1% to $2.38 in pre-market trading after surging over 12% on Wednesday.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) shares rose 28% to $2.15 in pre-market trading after declining around 5% on Wednesday.</li>
<li>Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) shares climbed 26.8% to $0.8478 in pre-market trading. Kazia Therapeutics shares jumped 248% on Wednesday after the company announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.</li>
<li>Castellum, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) rose 15.8% to $0.2316 in pre-market trading. On Wednesday, Castellum said it retired its term loan with Live Oak Banking Company ahead of schedule.</li>
<li>Novo Integrated Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVOS#NASDAQ">NVOS</a>) gained 14.9% to $0.5885 in pre-market trading after gaining over 5% on Wednesday.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares gained 14.3% to $5.35 in pre-market trading after surging 44% on Wednesday.</li>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) rose 5.1% to $82.32 in pre-market trading as the company reported better-than-expected results for its third quarter on Wednesday. The company posted quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 per share.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Inspire Veterinary Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVP#NASDAQ">IVP</a>) shares fell 22.6% to $5.73 in pre-market trading after jumping 110% on Wednesday. Inspire Veterinary Partners announced the closing of $6 million public offering.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares declined 14.7% to $1.45 in pre-market trading. Virpax Pharmaceuticals shares jumped over 46% on Wednesday after the company announced results for a Swine Model pilot study for Probudur.</li>
<li>Longeveron Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGVN#NASDAQ">LGVN</a>) shares fell 14.3% to $3.90 in pre-market trading. Longeveron shares jumped over 58% on Wednesday after the company announced that the FDA granted Regenerative Medicine Advanced Therapy designation to Lomecel-B for the treatment of mild Alzheimer&#8217;s Disease.</li>
<li>Cingulate Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CING#NASDAQ">CING</a>) shares fell 14.1% to $0.5571 in pre-market trading after gaining 74% on Wednesday.</li>
<li>Zapp Electric Vehicles Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) fell 13.8% to $8.06 in pre-market trading after dipping around 48% on Wednesday.</li>
<li>Innovative Eyewear, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) fell 11.4% to $0.4066 in pre-market trading after gaining over 20% on Wednesday.</li>
<li>Scisparc Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRC#NASDAQ">SPRC</a>) shares fell 10.7% to $0.60 in pre-market trading. SciSparc recently signed a non-binding letter of intent to spin off its clinical-stage pharmaceutical portfolio and its equity stake in SciSparc Nutraceuticals.</li>
<li>SAI.TECH Global Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) shares dipped 7% to $1.07 in pre-market trading after jumping more than 28% on Wednesday.</li>
<li>Newegg Commerce Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares fell 9.1% to $1.00 in pre-market trading after declining 5% on Wednesday. Newegg Commerce, on Monday, announced that the presale for its tenth annual FantasTech Sales event is now live.</li>
<li>LiveWire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NASDAQ">LVWR</a>) shares declined 6.8% to $7.00 in pre-market trading. LiveWire Group is expected to release its second quarter financial results before the opening bell Thursday, July 25.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39722606/s-p-500-settles-above-5-600-for-first-time-ahead-of-inflation-data-fear-index-moves-to-greed-zone">S&amp;P 500 Settles Above 5,600 For First Time Ahead Of Inflation Data, Fear Index Moves To &#8216;Greed&#8217; Zone</a></li>
</ul>

ASNS

BSFC

CING

KZIA

LGVN

LUCY

LVWR

NAAS

NEGG

NVOS

SPRC

VLCN

VRPX

YGMZ

ZAPP

Why WD-40 Shares Are Trading Higher By Over 12%; Here Are 20 Stocks Moving Premarket

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) to report quarterly earnings at $2.16 per share on revenue of $22.60 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. PepsiCo shares gained 0.2% to $163.99 in the after-hours trading session.</li>
<li>WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) posted stronger-than-expected results for its third quarter on Wednesday. WD-40 shares surged 12.3% to $246.69 in the after-hours trading session.</li>
<li>Analysts are expecting Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) to post quarterly earnings at $2.37 per share on revenue of $15.45 billion. The company will release earnings before the markets open. Delta Air shares gained 0.3% to $47.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) reported better-than-expected results for its third quarter on Wednesday. The company posted quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 per share. PriceSmart shares climbed 5.9% to $82.90 in the after-hours trading session.</li>
<li>Analysts expect Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) to post quarterly earnings at 57 cents per share on revenue of $2.93 billion. Conagra shares fell 1% to $28.53 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39708384/top-3-tech-stocks-that-could-blast-off-in-july">Top 3 Tech Stocks That Could Blast Off In July</a></li>
</ul>
Photo courtesy: Shutterstock

PepsiCo, Delta Air Lines And 3 Stocks To Watch Heading Into Thursday

PriceSmart shares are trading higher following better-than-expected Q3 financial results.

Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $1.01 by 6.93 percent. The company reported quarterly sales of $1.230 billion which beat the analyst consensus estimate of $1.207 billion by 1.92 percent. This is a 12.12 percent increase over sales of $1.097 billion the same period last year.

Pricesmart Q3 2024 Adj EPS $1.08 Beats $1.01 Estimate, Sales $1.230B Beat $1.207B Estimate

The market&#8217;s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum. Federal Reserve Chair Jerome Powell is scheduled to testify before the House Financial Committee and is widely expected to be<a href="https://www.benzinga.com/markets/equities/24/07/39692638/powell-says-labor-market-strong-not-overheated-fed-chair-awaits-right-moment-to-cut-interest-rat"> in line with his comments from Tuesday.</a> Traders may also bide time as the second-quarter earnings season kicks off with the big banks this week.
Early indications suggest tech stocks could extend their strength, potentially propping up the market that has been on an extended run. The results of the 10-year note auction could also impact sentiment. Some profit-taking cannot be ruled out ahead of Thursday&#8217;s consumer price inflation report.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.29%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.16%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.01%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.33%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.17% to $556.76 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.29% to $499.23, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
U.S. stocks closed Tuesday&#8217;s session on a mixed note as traders took stock of Powell&#8217;s rhetoric about inflation. Mega-cap stocks Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) came to the market&#8217;s rescue helping to overcome the fatigue that set in following the market&#8217;s record run. Some defensive sectors such as healthcare, real estate and utility stocks gained ground, and financial stocks rose solidly.
After a positive open, the Nasdaq Composite and the S&amp;P 500 indices stayed mostly higher, although closing sharply off their early highs. Yet, these two averages set new intraday and closing records during the session. The underperformance of the Dow Jones Industrial Average continued as it languished in negative terrain but for some mid-session strength. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.14%</td>
<td>18,429.29</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.07%</td>
<td>5,576.98</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.13%</td>
<td>39,291.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.45%</td>
<td>2,029.47</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts:</figcaption></figure>
The stock market could face difficulty sustaining the upward momentum seen in the first half of the year, said LPL Financial analysts in the firm&#8217;s mid-year outlook. The first-half outperformance, the firm said, is driven by anticipation of looser Fed policy and robust corporate earnings growth. &#8220;However, elevated valuations and potential volatility, especially with the upcoming U.S. presidential election, suggest a more cautious approach moving forward.&#8221; 
Mark Newton, Global Head of Technical Strategy at Fundstrat, said the financial sector is worth keeping an eye on as it has been coming back to life. The strategist said the divergence between the large-cap tech and broader market and the economic weakness has been used as an excuse to bet on a market correction and/or underperformance. &#8220;There&#8217;s no saying that Tech HAS to peak out while others still languish,&#8221; he added.
&#8220;There&#8217;s obviously that &#8220;other&#8221; scenario, where the broader market comes back to life as rates fall.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many remain perplexed at the degree of divergence between Large-cap Tech and broader market along with Economic weakness on the fringes &amp; have used that as an excuse to bet on a market correction and/or underperformance. There&#39;s no saying that Tech HAS to peak out while others… <a href="https://t.co/3Ef5JvgMgO">pic.twitter.com/3Ef5JvgMgO</a>
&mdash; Mark Newton CMT (@MarkNewtonCMT) <a href="https://twitter.com/MarkNewtonCMT/status/1810719186139910180?ref_src=twsrc%5Etfw">July 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Upcoming Economic Data:</figcaption></figure>
<ul>
<li>The Commerce Department is due to release its wholesale inventories report for May at 10 a.m. EDT. Economists, on average, expect a 0.6% month-over-month increase in wholesale inventories, faster than the 0.1% increase in April.</li>
<li>Powell will begin testifying before the House Financial Committee at 10 a.m. EDT.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Treasury is set to auction 10-year notes at 1 p.m. EDT.</li>
<li>Chicago Fed President Austan Goolsbee and Fed Governor Michelle Bowman are scheduled to speak at a Fed event on childcare&nbsp;at 2:30 p.m. EDT.</li>
<li>Fed Governor Lisa Cook&nbsp;will make a public appearance at 7:30 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Stocks In Focus:
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) climbed 2.40% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the foundry, which supplies chips to the likes of Nvidia, reported solid June quarter revenue.</li>
<li>Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) climbed over 3% on optimism over its robotaxi service.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) retreated over 1% amid a negative analyst action.</li>
<li>10x Genomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) plunged over 15% on an analyst downgrade.</li>
<li>Manchester United plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) is <a href="https://www.benzinga.com/calendars/earnings">scheduled to release its earnings report</a> ahead of the market open, while PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) and WD-40 Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) are due after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures are little changed with a negative bias after they declined for three straight sessions. While gold futures were rising for a second straight session. The benchmark 10-year Treasury note yield fell 2.7 points to 4.27%, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied more than 2% to above the $58.6K level.
The Asian market closed Wednesday&#8217;s session on a mixed note, with weaker Chinese consumer price inflation data weighing down on the Chinese and Hong Kong markets. The Japanese market, on the other hand, advanced and the Taiwanese market received support from a tech rally.
European stocks are recovering from the weakness seen in the<a href="https://www.benzinga.com/general/politics/24/07/39654867/who-is-the-uks-new-prime-minister-keir-starmer-and-what-does-he-stand-for"> aftermath of the regional election results.</a>
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<li><a href="https://www.benzinga.com/news/24/07/39703500/june-cpi-report-on-traders-radar-analysts-predict-s-p-500-move-for-wednesday-under-different-inflati">June CPI Report On Traders&#8217; Radar: Analysts Predict S&amp;P 500 Move For Thursday Under Different Inflation Scenarios</a></li>
</ul>
Photo via Shutterstock

Economics

BIDU

SMCI

Nasdaq, S&P 500 Futures Rise Amid Tech Buoyancy, Bitcoin Gains 2%: Analyst Warns Of Elevated Valuations And Potential Election Volatility

The CNN Money Fear and Greed index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks closed mixed on Tuesday, with the S&amp;P 500 hitting fresh record as Federal Reserve Chairman Jerome Powell issued positive comments on the economy and the job market during his semiannual testimony before the Senate Banking Committee.
Data on consumer price index for June will be released on Thursday, while producer price index data will be released on Friday.
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares gained 2.5% on Tuesday as Keybanc analyst John Vinh maintained the stock with an Overweight rating and boosted the price target from $130 to $180.
Most sectors on the S&amp;P 500 closed on a positive note, with financials, health care and utilities stocks recording the biggest gains on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 53 points to 39,291.97 on Tuesday. The S&amp;P 500 rose 0.07% at 5,576.98, while the Nasdaq Composite climbed 0.14% at 18,429.29 during Tuesday's session.
Investors are awaiting earnings results from Manchester United plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>), PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) and AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) today.
Big banks, including, Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) are scheduled to report second-quarter earnings on Friday.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 52.3, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 52.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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</ul>
Stocks Photo by Jirapong Manustrong on Shutterstock

S&P 500 Clinches Yet Another Record Close After Jerome Powell's Testimony, Fear & Greed Index Remains In 'Neutral' Zone Ahead Of Key Data

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Manchester United Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANU#NYSE">MANU</a>) to report a quarterly loss at 27 cents per share on revenue of $162.92 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Manchester United shares gained 1.6% to $16.19 in the after-hours trading session.</li>
<li>Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) posted downbeat results for its third quarter on Tuesday. Kura Sushi shares fell 4.2% to $56.00 in the after-hours trading session.</li>
<li>Analysts are expecting PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) to post quarterly earnings at $1.01 per share on revenue of $1.21 billion. The company will release earnings after the markets close. PriceSmart shares gained 1% to $79.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>ImmuCell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCC#NASDAQ">ICCC</a>) reported preliminary sales results for the second quarter. The company said it sees preliminary sales of $5.47 million up from $3.53 million in the year-ago period. ImmuCell shares climbed 8.9% to $4.67 in the after-hours trading session.</li>
<li>Analysts expect AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) to post quarterly earnings at $1.30 per share on revenue of $402.05 million. AZZ shares gained 2.7% to $77.00 in after-hours trading.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39690602/delta-air-lines-likely-to-report-lower-q2-earnings-here-are-the-recent-forecast-changes-from-wall-s">Delta Air Lines Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>
Photo courtesy: PriceSmart

PriceSmart, Kura Sushi And 3 Stocks To Watch Heading Into Wednesday

A substantial insider sell was reported on May 16, by Sherry Bahrambeygui, Director at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), based on the recent SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024023673//Archives/edgar/data/1041803/000162828024023673/0001628280-24-023673-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Bahrambeygui sold 11,022 shares of Pricesmart. The total transaction amounted to $947,776. 
As of Thursday morning, Pricesmart shares are down by 0.0%, currently priced at $86.06.
<h3>Delving into Pricesmart's Background</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Pricesmart: A Financial Overview</h3>
Revenue Growth: Pricesmart's remarkable performance in 3 months is evident. As of 29 February, 2024, the company achieved an impressive revenue growth rate of 13.11%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 17.11%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.31.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.24, Pricesmart adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 21.68, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.56, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a below-average EV/EBITDA ratio of 9.63, Pricesmart presents an opportunity for value investors. This lower valuation may attract investors seeking undervalued opportunities.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Pricesmart Director Sold $947K In Company Stock

Disclosed on May 15, JOHN HILDEBRANDT, President and COO at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: HILDEBRANDT's decision to sell 2,220 shares of Pricesmart was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024023362//Archives/edgar/data/1041803/000162828024023362/0001628280-24-023362-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $186,716.
The latest market snapshot at Wednesday morning reveals Pricesmart shares up by 0.41%, trading at $86.37.
<h3>Get to Know Pricesmart Better</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Financial Insights: Pricesmart</h3>
Positive Revenue Trend: Examining Pricesmart's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.11% as of 29 February, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 17.11%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.31.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average at 0.24, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 21.67, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.56 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 9.62, Pricesmart's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Massive Insider Trade At Pricesmart

The Nasdaq 100 closed higher by around 0.2% on Thursday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
Mattel
<ul>
<li>The Trade: Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) EVP &amp; Chief Supply Chain Offr Zanatta Roberto Jacobo Isaias <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 21,655 shares</a> at an average price of $18.83. The insider received around $407,829 from selling those shares.</li>
<li>What's Happening: On April 23, Mattel reported better-than-expected first-quarter adjusted EPS results.</li>
<li>What Mattel Does: Mattel markets toy products that are sold to its wholesale customers and direct to retail consumers.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Delta Air Lines</h3>
<ul>
<li>The Trade: Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) EVP &amp; Chief People Officer Joanne D Smith <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,846 shares</a> at an average price of $52.30. The insider received around $253,422 from selling those shares.</li>
<li>What's Happening: On April 10, Delta Air Lines reported better-than-expected first-quarter earnings.</li>
<li>What Delta Air Lines Does: Atlanta-based Delta Air Lines is one of the world&#8217;s largest airlines, with a network of over 300 destinations in more than 50 countries.</li>
</ul>
<h3 class="wp-block-heading">PriceSmart</h3>
<ul>
<li>The Trade: PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) Director Sherry S. Bahrambeygui <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 10,000 shares</a> at an average price of $85.29. The insider received around $852,868 from selling those shares.</li>
<li>What's Happening: On April 9, PriceSmart reported better-than-expected seconc-quarter results and announced a one-time special dividend of $1 per share.</li>
<li>What PriceSmart Does: Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices.</li>
</ul>
<h3 class="wp-block-heading">Levi Strauss</h3>
<ul>
<li>The Trade: Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) EVP &amp; Chief Fin. &amp; Growth Ofc. Harmit J Singh <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 629,000 shares</a> at an average price of $22.10. The insider received around $13.9 million from selling those shares.</li>
<li>What's Happening: On April 11, Levi Strauss &amp; Co. named Gianluca Flore as Chief Commercial Officer.</li>
<li>What Levi Strauss Does: Levi Strauss &amp; Co is involved in designing, marketing, and selling products that include jeans, casual and dresses pants, tops, shorts, skirts, jackets, footwear, and related accessories directly or through third parties and licensees for men, women, and children under Levi&#8217;s, Dockers, Signature by Levi Strauss &amp; Co. and Denizen brands.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/05/38753455/enbridge-funko-and-3-stocks-to-watch-heading-into-friday">Enbridge, Funko And 3 Stocks To Watch Heading Into Friday</a>

Short Ideas

LEVI

PriceSmart, Levi Strauss And 2 Other Stocks Insiders Are Selling

Disclosed on May 2, Sherry Bahrambeygui, Board Member at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Bahrambeygui's recent move involves selling 1,569 shares of Pricesmart. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024020095//Archives/edgar/data/1041803/000162828024020095/0001628280-24-020095-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value is $130,270.
In the Friday's morning session, Pricesmart's shares are currently trading at $82.02, experiencing a down of 0.0%.
<h3>Discovering Pricesmart: A Closer Look</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Pricesmart's Economic Impact: An Analysis</h3>
Revenue Growth: Pricesmart's revenue growth over a period of 3 months has been noteworthy. As of 29 February, 2024, the company achieved a revenue growth rate of approximately 13.11%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a low gross margin of 17.11%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Pricesmart exhibits below-average bottom-line performance with a current EPS of 1.31.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below the industry average. With a ratio of 0.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: Pricesmart's P/E ratio of 20.67 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.54, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Pricesmart's EV/EBITDA ratio at 9.18 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Selling: Sherry Bahrambeygui Unloads $130K Of Pricesmart Stock

Revealing a significant insider sell on May 1, Sherry Bahrambeygui, Director at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), as per the latest SEC filing.
What Happened: Bahrambeygui opted to sell 5,201 shares of Pricesmart, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024019444//Archives/edgar/data/1041803/000162828024019444/0001628280-24-019444-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The transaction's total worth stands at $430,778.
Monitoring the market, Pricesmart's shares up by 0.96% at $81.36 during Wednesday's morning.
<h3>Get to Know Pricesmart Better</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Understanding the Numbers: Pricesmart's Finances</h3>
Positive Revenue Trend: Examining Pricesmart's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.11% as of 29 February, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Staples sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 17.11%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Pricesmart exhibits below-average bottom-line performance with a current EPS of 1.31.
</li>
</ul>
Debt Management: Pricesmart's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.24.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 20.3 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.53, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Pricesmart's EV/EBITDA ratio at 9.01 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Unmasking the Significance of Insider Transactions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>A Deep Dive into Insider Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Selling: Sherry Bahrambeygui Unloads $430K Of Pricesmart Stock

Revealing a significant insider sell on May 1, JOHN HILDEBRANDT, President and COO at Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>), as per the latest SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001041803/000162828024019446//Archives/edgar/data/1041803/000162828024019446/0001628280-24-019446-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that HILDEBRANDT sold 6,000 shares of Pricesmart. The total transaction amounted to $491,520. 
As of Wednesday morning, Pricesmart shares are up by 0.96%, currently priced at $81.36.
<h3>Get to Know Pricesmart Better</h3>
Pricesmart Inc is principally engaged in operating U.S.-style membership shopping warehouse clubs that offer consumer goods at low prices. The company is headquartered in San Diego, California, United States, and operates stores in Latin America and the Caribbean, with Central America contributing over half of its net warehouse club sales. The company's revenue consists of net warehouse club sales from merchandise sales, membership income from annual membership fees, export sales, and other income, with net warehouse club sales accounting for the majority of the company's total revenue.
<h3>Pricesmart: A Financial Overview</h3>
Positive Revenue Trend: Examining Pricesmart's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 13.11% as of 29 February, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 17.11%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Pricesmart's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 1.31.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.24.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 20.3 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.53 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 9.01, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001041803">Check Out The Full List Of Pricesmart's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

President and COO Of Pricesmart Sold $491K In Stock

Discount retailers are positioned for strong gains in the U.S. market, as a confluence of economic variables drives consumers to look for affordable options when they purchase. Given this backdrop, it could be wise to load up the shares of Costco Wholesale Corp. (COST), Burlington Stores (BURL), and PriceSmart (PSMT) for substantial returns. Read more… As the inflationary pressures persist, many households are becoming more cautious with their spending, seeking value and affordability. This shift in consumer behavior has positively impacted discount retailers, allowing them to thrive in these uncertain economic times.
In this environment, quality retail stocks like Costco Wholesale Corporation (<a href="https://stocknews.com/stock/COST/">COST</a>), Burlington Stores, Inc. (<a href="https://stocknews.com/stock/BURL/">BURL</a>), and PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>) are well-positioned for solid gains.
According to EY's Future Consumer Index (FCI), <a href="https://www.ey.com/en_us/newsroom/2024/05/ey-future-consumer-index">49% of consumers</a> are now turning to loyalty programs, private brands, and discounts for both essentials and discretionary items. As value takes priority, discount retailers have become trusted allies, offering competitive prices without sacrificing quality.
In addition, by embracing digital platforms and omnichannel strategies, these retailers expanded their reach and improved the overall shopping experience. Many have also ramped up their private label products, which offer better margins and allow for cost savings, further solidifying their appeal to budget-conscious shoppers.
Moreover, the global discount retail market is on a strong growth trajectory, with projections estimating it to <a href="https://store.beelta.com/blogs/news/exploring-the-global-discount-retail-market-5-35-growth-trend-projected-to-reach-830-billion">reach $830 billion by 2030</a>, growing at a CAGR of 5.35%. This solid outlook underscores the increasing demand for budget-friendly options and the sector's ability to thrive in a shifting economic landscape.
Let's examine the fundamentals of the above-mentioned stocks in detail:
Costco Wholesale Corporation (<a href="https://stocknews.com/stock/COST/">COST</a>)
COST, along with its subsidiaries, engages in the operation of membership warehouses internationally.  The company offers branded and private-label products in various merchandise categories, warehouse ancillary, and other businesses. It operates through three segments: United States Operations; Canadian Operations; and Other International Operations. 
On August 9, the company paid its shareholders a quarterly <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> of $1.16 per share. With 19 years of consecutive dividend growth, COST pays an annual dividend of $4.64, which translates to a yield of 0.51% at the prevailing price levels. Its four-year average dividend yield is 1.65%. The company's dividend payments have grown at a CAGR of 23% over the past three years and a 17.9% CAGR over the past five years.
COST's trailing-12-month ROTC of 17.72% is 158.4% higher than the 6.86% industry average. Similarly, its 10.56% trailing-12-month ROTA is 144.4% higher than the industry average of 4.32%. Also, its trailing-12-month asset turnover ratio of 3.77x compares favorably to the industry average of 0.86x.
For the third quarter of 2024, which ended on May 12, COST's total revenue increased 9.1% year-over-year to $58.52 billion, while its operating income stood at $2.20 billion, up 30.9% year-over-year. Its net income for the quarter amounted to $1.68 billion or $3.78 per share, representing an increase of 29% from the same period last year. Also, the company's net cash flow from operating activities grew 14.1% from the year-ago value to $8.38 billion.
The consensus revenue estimate of $80.02 billion for the fiscal fourth quarter (ended August 2024) represents a 1.4% increase year-over-year. The consensus EPS estimate of $5.07 for the same quarter indicates a 4.4% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
Over the past year, the stock has surged 64.2%, closing the last trading session at $917.08.
COST's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
COST has a B grade for Momentum and Stability. It is ranked #28 out of 37 stocks in the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry. <a href="https://stocknews.com/stock/COST/">Click here</a> to see the additional ratings for COST (Growth, Value, Sentiment, and Quality).
Burlington Stores, Inc. (<a href="https://stocknews.com/stock/BURL/">BURL</a>)
BURL operates as a retailer of branded merchandise, providing fashion-focused merchandise that includes ready-to-wear apparel for women, menswear, youth apparel, footwear, accessories, toys, gifts, and beauty products. 
BURL's trailing-12-month gross profit margin and ROTC of 43.08% and 7.24% are 15.8% and 17.4% higher than their respective industry averages of 37.19% and 6.16%. Likewise, its trailing-12-month asset turnover ratio of 1.39x is 40% above the industry average of 0.99x.
BURL's total revenue for the second quarter (ended August 3, 2024) increased 13.4% year-over-year to $2.47 billion. Its adjusted EBITDA grew 43.3% from the prior year's quarter to $201.84 million. The company's adjusted net income stood at $77.49 million, up 99.3% year-over-year, while its adjusted EPS doubled from the year-ago value to $1.20.
The company has updated its fiscal year 2024 outlook, and it now expects its total sales projection to range from 9% to 10% on top of the 10% increase for the 52 weeks ending January 27, 2024. Additionally, it expects adjusted EBIT to increase in the range of 50 bps to 70 bps. This guidance suggests the adjusted EPS to be between $7.66 and $7.96.
Analysts expect BURL's revenue for the third quarter (ending October 2024) to grow 11.6% year-over-year to $2.56 billion, while its EPS for the same period is expected to increase 58% from the prior year to $1.55. Moreover, the company has topped the revenue and EPS estimates in three of the trailing four quarters, which is promising.
BURL shares have surged 98.8% over the past year and 41.8% over the past nine months to close the last trading session at $271.98.
BURL's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Growth and Sentiment while a B for Momentum and Quality. Within the A-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry, it is ranked #13 out of 59 stocks. <a href="https://stocknews.com/stock/BURL/">Click here</a> to see BURL's ratings for Value and Stability.
PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>)
PSMT owns and operates U.S.-style membership shopping warehouse clubs internationally. The company provides basic and private-label consumer products under the Member's Selection brand, including groceries, health and beauty aids, electronics, and clothing. It also operates as an e-commerce platform.
The company pays an annual dividend of $1.16 per share, which translates to a yield of 1.28% on the current share price. Its four-year average yield is 1.22%. PSMT's dividend payouts have grown at impressive CAGRs of 18.3% and 10.6% over the past three and five years, respectively.
The stock's trailing-12-month ROTC of 9.97% is 45.4% higher than the industry average of 6.86%. Similarly, its 2.43x trailing-12-month asset turnover ratio is 183.4% above the industry average of 0.86x.
In the fiscal third quarter that ended on May 31, 2024, PSMT's total revenues increased 12.1% year-over-year to $1.23 billion. The company reported an adjusted EBITDA of $71.04 million, indicating an 11.3% growth from the prior year quarter. PSMT's net income came in at $32.49 million, up 9.9% year-over-year, while its adjusted net income per share grew 3.8% from the year-ago value to $1.08.
Street expects PSMT's revenue for the fiscal fourth quarter (ended August 2024) to increase 8.9% year-over-year to $1.22 billion. Moreover, its EPS estimate of $1.02 for the same period indicates a 107.1% improvement year-over-year. In addition, it surpassed the revenue estimates in each of the trailing four quarters, which is promising.
Shares of PSMT have gained 19.4% over the past year to close the last trading session at $89.
PSMT's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value, Momentum, Stability, and Sentiment. Out of 37 stocks in the Grocery/Big Box Retailers industry, PSMT is ranked #9. <a href="https://stocknews.com/stock/PSMT/">Click here</a> to see PSMT's rating for Quality.
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<hr />
COST shares were unchanged in premarket trading Tuesday. Year-to-date, COST has gained 39.56%, versus a 20.61% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/cost-burl-psmt-3-discount-retailers-positioned-for-strong-gains/>3 Discount Retailers Positioned for Strong Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Discount Retailers Positioned for Strong Gains

Reports Q4 revenue $1.23B vs. $1.12B last year. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial new...

PriceSmart reports Q4 adjusted EPS 94c, consensus $1.03

PriceSmart Non-GAAP EPS of $0.94 misses by $0.08, revenue of $1.23B beats by $10M

PriceSmart, Inc. (PSMT) Q3 2024 Earnings Call Transcript

Pricesmart ( ($PSMT) ) has released its Q4 earnings. Here is a breakdown of the information Pricesmart presented to its investors. PriceSmart, head...

PriceSmart Reports Strong Q4 Earnings and Expansion Plans

As consumer behavior shifts, especially during the holiday season, retail stocks offer notable growth potential. Hence, fundamentally solid retail stocks PriceSmart (PSMT), Target (TGT), and Walmart (WMT) might be ideal buys this holiday season. Read on... As holiday sales pick up, retail stocks are set to benefit from the seasonal boost in consumer spending. Driven by rising disposable income and demand for both online and in-store shopping, these companies are strategically positioned to capture more market share.
Investors seeking opportunities within the retail landscape might invest in quality stocks like PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>), Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>), and Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>), as these retail giants respond to seasonal surges and embrace transformative changes across digital and physical platforms.
U.S. <a href="https://www.reuters.com/markets/us/us-retail-sales-increase-solidly-september-2024-10-17/">retail sales increased by 0.4%</a> in September, surpassing economists' forecast of 0.3%. Lower gasoline prices likely contributed, giving consumers more disposable income to spend at restaurants, bars, clothing stores, and online.
Additionally, the rise of online shopping, coupled with trends toward sustainability, omnichannel engagement, and values-driven purchasing, underscores how major retailers are adapting to meet shifting consumer expectations. By prioritizing personalized shopping experiences, these companies are reshaping their retail strategies to attract and retain a larger, more loyal customer base.
As a result, the global food and grocery retail market, valued at $11.9 trillion in 2023, is projected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/food-grocery-retail-market">3.2% CAGR</a> from 2024 to 2030.
Further, <a href="https://www.bea.gov/news/2024/personal-income-and-outlays-august-2024">personal income rose by $50.5 billion (0.2%)</a> in August, while disposable income increased by $34.2 billion (0.2%), and personal consumption expenditures grew by $47.2 billion (0.2%), per the U.S. Bureau of Economic Analysis, indicating that consumers have more money to spend, boosting the retail sector.
Considering these conducive trends, let's examine the <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> stocks in detail, starting with the third one:
Stock #3: PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>)
PSMT operates U.S.-style membership warehouse clubs across the United States, Central America, the Caribbean, and Colombia. The company offers a variety of products, including groceries, electronics, home furnishings, and private label items under the Member's Selection brand, and provides additional services like e-commerce, curbside pickup, and health services.
PSMT's total revenues rose 9.6% year over year to $1.23 billion in the fiscal fourth quarter ended August 31, 2024. Its export sales grew 15.9% from the year-ago quarter to $9.33 million. Operating income saw a rise of 53.1% from the previous-year quarter to $49.20 million, and adjusted net income per share improved 44.6% year over year to $0.94.
Street expects PSMT's revenue for the fiscal first quarter (ending November 2024) to increase 8% year-over-year to $1.26 billion. Its <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> for the same quarter is expected to grow 15.3% from the prior year to $1.43. In addition, it surpassed the consensus revenue estimates in each of the trailing four quarters, which is promising.
Shares of PSMT have gained 33.4% over the past year and 12.8% year-to-date to close the last trading session at $85.45.
PSMT's bright prospects are apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
It has an A for Growth and a B grade for Value and Stability. Within the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry, it is ranked #16 among 37 stocks.
Click <a href="https://stocknews.com/stock/PSMT/ratings/">here</a> to see PSMT's ratings for Momentum, Quality, and Sentiment.
Stock #2: Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>)
TGT operates as a major U.S. general merchandise retailer that offers a wide range of products including apparel, beauty, groceries, electronics, and home goods. It sells its merchandise through physical stores, Target.com, and digital channels as well enhancing customer experience with design partnerships and in-store amenities.
On October 22, TGT announced its intention to lower regular prices on more than 2,000 items across owned and national brands this holiday season, which should boost its sales.
Moreover, on September 18, the company declared a quarterly dividend of $1.12 per common share, which is payable on December 10. This will be the company's 229th consecutive dividend paid since October 1967, when the company became public. Its annual dividend of $4.48 yields 2.97% on the prevailing price level, higher than the four-year average of 2.29%.
In the second quarter of 2024, which ended August 3, TGT's total revenue increased 2.7% year-over-year to $25.45 billion. Its operating income rose 36.6% to $1.64 billion, driven by higher sales and an improved gross margin rate. The company reported an EPS of $2.57, up 42.8% from the prior year quarter.
Street expects TGT's revenue and EPS for the third quarter ending October 2024 to increase 2.2% and 9.5% year-over-year to $25.95 billion and $2.30, respectively. It surpassed the consensus EPS and revenue estimates in three of the trailing four quarters.
The stock climbed 5.9% year-to-date and has returned 37.7% over the past year, to close the last trading session at $150.84.
TGT's POWR Ratings reflect strong prospects. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B for Value and Quality. It is ranked #10 in the same industry.
To access TGT's Growth, Momentum, Stability, and Sentiment ratings, click <a href="https://stocknews.com/stock/TGT/ratings/">here</a>.
Stock #1: Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>)
WMT operates a global network of retail, wholesale, and eCommerce businesses through its Walmart U.S., Walmart International, and Sam's Club segments. Its offerings include supercenters, supermarkets, warehouse clubs, and eCommerce sites, providing groceries, health products, home goods, apparel, and more.
On October 22, 2024, WMT announced an expansion of its delivery services to include both prescription medications and general merchandise in a single order. This new service, already available in six states (Arkansas, Missouri, New York, Nevada, South Carolina, and Wisconsin), is set to reach 49 states by January 2025.
Walmart's vast network of nearly 4,600 stores enables delivery to over 86% of U.S. households, providing a significant convenience for busy families, seniors, and those with chronic conditions. The service responds to strong customer demand, with 55% requesting combined delivery of prescriptions and groceries.
On October 16, WMT announced a new partnership with Clover, a business management platform from Fiserv. This initiative supports Walmart Business's mission to help organizations save time and resources by offering essential tools to enhance operational efficiency.
During the fiscal second quarter that ended June 30, 2024, WMT's total revenues increased 4.8% year-over-year to $169.34 billion. Its operating income grew 8.5% from the year-ago value to $7.94 billion. In addition, its non-GAAP EPS reached $0.67, up 9.8% from the prior-year quarter.
Analysts expect WMT's EPS and revenue for the quarter ended October 31, 2024, to increase 3.5% to 4.3% year-over-year to $0.53 and $166.23 billion, respectively. It surpassed the Street EPS and Revenue estimates in each of the trailing four quarters.
Over the past year, the stock has gained 49.6% to close the last trading session at $82.19. It soared 56.4% year-to-date.
WMT's POWR Ratings reflect its robust outlook. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
WMT has an A grade in Stability and a B in Sentiment and Growth. It is ranked #7 in the same industry.
Beyond what we have stated above, we have also given WMT grades for Value, Momentum, and Quality. Get all the WMT's ratings <a href="https://stocknews.com/stock/WMT/ratings/">here</a>.
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<hr />
WMT shares rose $0.04 (+0.05%) in after-hours trading Monday. Year-to-date, WMT has gained 58.42%, versus a 21.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/wmt-tgt-psmt-3-retail-stocks-to-watch-as-holiday-sales-spike/>3 Retail Stocks to Watch as Holiday Sales Spike</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Retail Stocks to Watch as Holiday Sales Spike

The retail sector shows strong Q4 growth potential, driven by increased consumer spending, mobile shopping, holiday demand, and strategic business responses, making it attractive for investment. Therefore, high-growth stocks, such as Walmart (WMT), Abercrombie & Fitch (ANF), and PriceSmart (PSMT), could be wise portfolio additions ahead of a strong Q4. Keep reading… The retail industry is poised for strong Q4 growth, driven by mobile shopping, discount strategies, and rising consumer spending. Quick shipping and service sales, especially pre-Christmas, further boost momentum. Investors may consider buying high-growth retail stocks: Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>), Abercrombie &amp; Fitch Co. (<a href="https://stocknews.com/stock/ANF/">ANF</a>), and PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>) for potential gains this season.
The U.S. Q4 outlook is positive, with retail sales exceeding expectations and inflation moving toward the Fed's 2% target. However, core inflation remains at 2.8%. Market expectations for a December rate cut have dropped to 60% from 70%, as Fed officials indicate no immediate need for cuts, citing ongoing <a href="https://www.reuters.com/markets/us/strong-us-data-continues-reshaping-fed-views-pace-extent-rate-cuts-2024-11-15/">economic strength</a>, which is favorable for the retail sector.
Meanwhile, Deloitte's holiday retail survey predicts a strong year-end, with consumers planning to spend <a href="https://www2.deloitte.com/content/dam/insights/articles/us187581_cic-holiday-retail/2024-Deloitte-holiday-retail-survey_Protected.pdf">$1,778 on holiday purchases</a>, an 8% increase from last year. Despite concerns over higher prices, a brighter economic outlook is driving spending in Q4. While gift spending remains steady, shoppers are increasingly focused on experiences and deals, taking advantage of year-end discounts and offers.
Moreover, the rise of supercenters, supermarkets, and hypermarkets, combined with adjusted buying habits and early promotions, aligns with the current economic environment, sustaining momentum in key retail categories. As a result, the National Retail Federation forecasts a <a href="https://nrf.com/media-center/press-releases/nrf-forecasts-retail-sales-reach-least-523-trillion-2024">2.5% to 3.5% increase</a> in 2024 retail sales, reaching $5.23 to $5.28 trillion, making the retail sector a promising investment opportunity.
Considering these conducive trends, let's examine the fundamentals of the three retail picks mentioned above.
Walmart Inc. (<a href="https://stocknews.com/stock/WMT/">WMT</a>)
WMT engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, membership-only warehouse clubs, e-commerce websites, and mobile commerce applications.
On October 30, 2024, WMT announced the use of AI and generative AI tools to improve holiday shopping with personalized gift ideas, a shopping assistant, and AI-powered search. They also expanded delivery services and customer support for a faster, more convenient experience.
On October 22, 2024, WMT announced the expansion of its Pharmacy Delivery service, integrating prescriptions with general merchandise into a single order for delivery. This service is now available in six states and will reach 49 states by January 2025, offering convenient delivery options, including same-day and on-demand delivery.
In terms of the trailing-12-month Return on Common Equity, WMT's 18.97% is 84.8% higher than the 10.26% industry average. Its 11.56% trailing-12-month Return on Total Capital is 68.1% higher than the 6.88% industry average. Likewise, its 2.61x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 200.6% higher than the industry average of 0.87x.
WMT's revenue grew at a CAGR of 5.5% over the past three years. Similarly, its net income grew at a CAGR of 15.7% during the same period.
For the fiscal second quarter that ended June 30, 2024, WMT's total revenues increased 4.8% year-over-year to $169.34 billion. Likewise, its adjusted operating income rose 8.5% from the year-ago value to $7.94 billion. Moreover, the company's consolidated net income attributable to WMT came in at $4.50 billion, or $0.56 per common share.
Street expects WMT's EPS and revenue for the quarter ended October 31, 2024, to increase 4.1% and 4.4% year-over-year to $0.53 and $166.44 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. WMT's stock has gained 60.9% year-to-date to close the last trading session at $84.52.
WMT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Stability and Sentiment and a B for Growth, Momentum, and Quality. Within the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry, it is ranked #9 out of 36 stocks. <a href="https://stocknews.com/stock/WMT/">Click here</a>, to see WMT's ratings for Value.
Abercrombie &amp; Fitch Co. (<a href="https://stocknews.com/stock/ANF/">ANF</a>)
ANF and its subsidiaries operate as an omnichannel retailer internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie &amp; Fitch, Abercrombie Kids, Hollister, and Gilly Hicks brands. It sells products through its stores and various wholesale channels.
In terms of the trailing-12-month levered FCF margin, ANF's 9.86% is 104.2% higher than the 4.83% industry average. Its 14.39% trailing-12-month EBIT margin is 79% higher than the 8.04% industry average. Likewise, the stock's 1.60x trailing-12-month asset turnover ratio is 59.7% higher than the 1x industry average.
ANF's EPS grew at a CAGR of 29.3% over the past three years. Moreover, its revenue grew at a CAGR of 9.1% over the past three years.
In the second quarter that ended on August 3, 2024, ANF's net sales increased 21.2% year-over-year to $1.13 billion. Its operating income grew 95.5% year-over-year to  $175.63 million. Similarly, its net income attributable to ANF was $133.17 million, or $2.50 per share, up 134.1% and 127.3% over the prior-year quarter.
For the quarter ended October 31, 2024, ANF's EPS and revenue are expected to increase 33% and 11.6% year-over-year to $2.43 and $1.18 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 108.8% to close the last trading session at $143.39.
It's no surprise that ANF has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
It has an A grade for Quality and a B for Growth. Within the B-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry, it is ranked #13 out of 61 stocks. To see ANF's Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/ANF/">click here</a>.
PriceSmart, Inc. (<a href="https://stocknews.com/stock/PSMT/">PSMT</a>)
PSMT owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company offers both basic and private-label consumable and non-consumable products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli items, seafood, and poultry.
In terms of the trailing-12-month Capex / Sales, PSMT's 3.43% is 8.8% higher than the 3.15% industry average. Likewise, its 6.87% trailing-12-month Return on Total Assets is 71.2% higher than the 4.01% industry average. Moreover, the stock's 2.44x trailing-12-month asset turnover ratio is 180.9% higher than the 0.87x industry average.
PSMT's revenue grew at a CAGR of 10.7% over the past three years. In addition, its EBITDA grew at a CAGR of 11% during the same period.
PSMT's total revenues for the fiscal fourth quarter ended August 31, 2024, rose 9.6% year over year to $1.23 billion. Its operating income increased 53.1% year over year to $49.20 million. Also, PSMT's adjusted net income and adjusted net income per share improved 42.8% and 44.6% year over year to $29.07 million and $0.94, respectively.
Analysts expect PSMT's EPS and revenue for the quarter ending November 31, 2024, to increase 9.7% and 6.3% year-over-year to $1.36 and $1.24 billion, respectively. Over the past year, the stock has gained 26.8% to close the last trading session at $87.13.
PSMT's bright prospects are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
PSMT has an A grade for Growth and a B for Value, Momentum, and Stability. Within the Grocery/Big Box Retailers industry, it is ranked #13. To access PSMT's additional ratings for Sentiment and Quality, <a href="https://stocknews.com/stock/PSMT/">click here</a>.
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<hr />
WMT shares rose $0.15 (+0.18%) in after-hours trading Friday. Year-to-date, WMT has gained 61.88%, versus a 24.40% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/wmt-anf-psmt-3-high-growth-retail-stocks-to-buy-ahead-of-a-strong/>3 High-Growth Retail Stocks to Buy Ahead of a Strong Q4</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Growth Retail Stocks to Buy Ahead of a Strong Q4

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Press Releases

PriceSmart Announces Opening of Sixth Warehouse Club in Guatemala and Earnings Release and Conference Call Details for the First Quarter of Fiscal 2024

PRICESMART ANNOUNCES FISCAL 2024 FIRST QUARTER OPERATING RESULTS

Dividends

PriceSmart Announces 26% Increase to Annual Dividend; Voting Results from the 2024 Annual Meeting of Stockholders

PriceSmart Announces Opening of Fourth Warehouse Club in El Salvador and Earnings Release and Conference Call Details for the Second Quarter of Fiscal 2024

PRICESMART ANNOUNCES FISCAL 2024 SECOND QUARTER OPERATING RESULTS; $1.00 PER SHARE SPECIAL DIVIDEND; PLANS FOR NINTH WAREHOUSE IN COSTA RICA

PriceSmart Announces Release of its Fiscal Year 2023 Environmental and Social Responsibility (ESR) Report Highlighting Commitment to Sustainability and Community Impact and Conference Call Details for the Third Quarter of Fiscal 2024

PRICESMART ANNOUNCES FISCAL 2024 THIRD QUARTER OPERATING RESULTS

PriceSmart Announces Earnings Release and Conference Call Details for the Fourth Quarter of Fiscal 2024

PRICESMART ANNOUNCES FISCAL 2024 FOURTH QUARTER OPERATING RESULTS AND PLANS FOR SEVENTH WAREHOUSE CLUB IN GUATEMALA

Sendas Distribuidora

BJ's Wholesale Club Holdings, Inc. Common Stock

BJ's Wholesale Club

Costco Wholesale Corporation - Common Stock

Costco Wholesale

Dada Nexus Limited - American Depositary Shares

Dada Nexus

Dollar Gen

Dollar Tree

Almacenes Exito S.A. American Depositary Share, each representing eight (8) Common Shares

Comments

Pricesmart

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Pricesmart (NASDAQ:PSMT) 주식, 공매도 수량 보고

사람들이 또한 지켜본다

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