PriceSmart (NASDAQ:PSMT) Director Beatriz Infante Sells 1,995 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Beatriz Infante sold 1,995 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $136.87, for a total transaction of $273,055.65. Following the transaction, the director directly owned 10,879 shares in the company, valued at approximately $1,489,008.73. The trade was a 15.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

PriceSmart Stock Up 3.5%

Shares of PriceSmart stock traded up $4.80 during midday trading on Wednesday, reaching $141.66. 225,610 shares of the company’s stock traded hands, compared to its average volume of 215,779. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.55 and a current ratio of 1.33. PriceSmart, Inc. has a 52 week low of $81.25 and a 52 week high of $143.37. The company’s 50 day simple moving average is $123.83 and its 200 day simple moving average is $117.05. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 28.91 and a beta of 0.74.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, January 7th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.28 by $0.01. PriceSmart had a net margin of 2.79% and a return on equity of 12.20%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Institutional Trading of PriceSmart

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its position in shares of PriceSmart by 560.0% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after buying an additional 252 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of PriceSmart in the 2nd quarter worth approximately $28,000. First Horizon Corp acquired a new stake in shares of PriceSmart during the 3rd quarter worth approximately $30,000. Steward Partners Investment Advisory LLC increased its position in shares of PriceSmart by 52.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares during the period. Finally, Mather Group LLC. bought a new position in PriceSmart in the third quarter worth $39,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PSMT. Wall Street Zen cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings lowered shares of PriceSmart from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PriceSmart currently has an average rating of “Buy”.

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.