PriceSmart Shares Soar 2.76% on Earnings, Institutional Activity

PriceSmart (PSMT) shares surged 2.76% today, reaching their highest level since February 2025 with an intraday gain of 3.01%.

PriceSmart's recent earnings announcement on April 9, 2025, revealed its fiscal 2025 second-quarter operating results and the opening of a ninth warehouse club in Costa Rica. This disclosure provided investors with fresh financial insights, potentially influencing the stock's upward trajectory.

Institutional investors have been actively adjusting their positions in PriceSmart. Norges Bank recently acquired a new stake, while Martingale Asset Management reduced its holdings by 10.4% during the fourth quarter. These shifts in institutional holdings can significantly impact the stock price by altering supply and demand dynamics.

Analysts have set an average price target of $90.00 for PriceSmart, which is slightly below the current price. The consensus rating among analysts is "Strong Buy," indicating a positive outlook that can bolster investor confidence and drive the stock price higher.