PriceSmart, Inc. (NASDAQ:PSMT) EVP Chong Jesus Von sold 1,580 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $76.35, for a total value of $120,633.00. Following the sale, the executive vice president now owns 24,580 shares in the company, valued at approximately $1,876,683. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ:PSMT opened at $75.00 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.39 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 12-month low of $48.06 and a 12-month high of $79.90. The stock’s 50-day moving average price is $69.91 and its 200-day moving average price is $60.10. The stock has a market capitalization of $2.33 billion, a P/E ratio of 26.88 and a beta of 1.00.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.18. PriceSmart had a net margin of 2.27% and a return on equity of 10.91%. The business had revenue of $801.30 million during the quarter, compared to analyst estimates of $812.34 million. During the same period last year, the business posted $0.62 earnings per share. PriceSmart’s quarterly revenue was up 3.0% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in PSMT. Genesis Investment Management LLP purchased a new position in shares of PriceSmart during the third quarter valued at approximately $79,786,000. EdgePoint Investment Group Inc. lifted its holdings in shares of PriceSmart by 12.3% during the second quarter. EdgePoint Investment Group Inc. now owns 3,898,986 shares of the company’s stock valued at $199,316,000 after purchasing an additional 427,907 shares during the last quarter. Marathon Asset Management LLP purchased a new position in shares of PriceSmart during the second quarter valued at approximately $14,603,000. Renaissance Technologies LLC lifted its holdings in shares of PriceSmart by 38.8% during the second quarter. Renaissance Technologies LLC now owns 560,400 shares of the company’s stock valued at $28,648,000 after purchasing an additional 156,700 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of PriceSmart during the second quarter valued at approximately $7,316,000. Hedge funds and other institutional investors own 72.78% of the company’s stock.
A number of research analysts have recently issued reports on PSMT shares. TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a research note on Tuesday, October 29th. ValuEngine cut PriceSmart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. BidaskClub raised PriceSmart from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Scotiabank raised PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $61.70 price objective on the stock in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.85.
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company 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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