PriceSmart (NASDAQ:PSMT) Director Sells $192,660.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $192.66, for a total value of $192,660.00. Following the completion of the sale, the director directly owned 36,649 shares in the company, valued at $7,060,796.34. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

PriceSmart Stock Up 0.8%

Shares of NASDAQ:PSMT opened at $193.91 on Friday. PriceSmart, Inc. has a 1 year low of $105.46 and a 1 year high of $199.84. The company has a market cap of $5.98 billion, a PE ratio of 37.22 and a beta of 0.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 0.53. The stock’s 50-day moving average is $184.39 and its 200 day moving average is $163.23.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, July 8th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company earned $1.14 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Hedge Funds Weigh In On PriceSmart

Institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. boosted its stake in PriceSmart by 76.0% in the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after purchasing an additional 98 shares in the last quarter. CENTRAL TRUST Co bought a new stake in PriceSmart during the 4th quarter valued at about $32,000. Geneos Wealth Management Inc. increased its stake in PriceSmart by 560.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after purchasing an additional 252 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in PriceSmart by 45,600.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock valued at $56,000 after purchasing an additional 456 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock worth $52,000 after buying an additional 179 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors.

PriceSmart Company Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.