PriceSmart, Inc. (NASDAQ:PSMT) EVP David R. Price Sells 2,750 Shares

PriceSmart, Inc. (NASDAQ:PSMT) EVP David R. Price sold 2,750 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total transaction of $253,660.00. Following the sale, the executive vice president now owns 48,844 shares in the company, valued at $4,505,370.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PriceSmart Stock Up 0.2 %

PSMT opened at $90.19 on Friday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 19.74 and a beta of 0.85. PriceSmart, Inc. has a one year low of $64.94 and a one year high of $94.82. The business’s fifty day moving average is $89.81 and its two-hundred day moving average is $85.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.22.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.07). PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Hedge Funds Weigh In On PriceSmart

Hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its stake in shares of PriceSmart by 72.3% during the third quarter. Intech Investment Management LLC now owns 5,693 shares of the company’s stock valued at $523,000 after acquiring an additional 2,389 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in PriceSmart by 431.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 32,703 shares of the company’s stock valued at $3,001,000 after purchasing an additional 26,544 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of PriceSmart by 313.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,037 shares of the company’s stock worth $187,000 after purchasing an additional 1,544 shares during the last quarter. Quest Partners LLC grew its holdings in shares of PriceSmart by 45.9% during the third quarter. Quest Partners LLC now owns 12,009 shares of the company’s stock worth $1,102,000 after buying an additional 3,779 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of PriceSmart by 4.6% during the third quarter. Thrivent Financial for Lutherans now owns 25,983 shares of the company’s stock valued at $2,384,000 after buying an additional 1,152 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

About PriceSmart

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.