PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $66.45, for a total transaction of $664,500.00. Following the transaction, the director now directly owns 80 shares in the company, valued at $5,316. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
PSMT opened at $61.67 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.48 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 25.38 and a beta of 1.04. PriceSmart, Inc. has a 1 year low of $61.09 and a 1 year high of $94.45.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The firm had revenue of $777.87 million for the quarter, compared to the consensus estimate of $776.30 million. PriceSmart had a net margin of 2.35% and a return on equity of 12.07%. On average, analysts expect that PriceSmart, Inc. will post 2.7 EPS for the current fiscal year.
A number of equities analysts have issued reports on the stock. BidaskClub downgraded shares of PriceSmart from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Zacks Investment Research raised shares of PriceSmart from a “strong sell” rating to a “hold” rating in a report on Monday, September 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $90.50.
Institutional investors and hedge funds have recently bought and sold shares of the business. Paradigm Asset Management Co. LLC boosted its holdings in PriceSmart by 188.9% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 1,300 shares of the company’s stock worth $105,000 after acquiring an additional 850 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of PriceSmart during the 2nd quarter worth $200,000. Atria Investments LLC bought a new stake in shares of PriceSmart during the 3rd quarter worth $208,000. Tower Research Capital LLC TRC bought a new stake in shares of PriceSmart during the 2nd quarter worth $236,000. Finally, Rafferty Asset Management LLC bought a new stake in shares of PriceSmart during the 3rd quarter worth $277,000. 76.46% of the stock is currently owned by hedge funds and other institutional investors.
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PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of May 7, 2017, it operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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