Beatriz Infante Sells 800 Shares of PriceSmart (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Beatriz Infante sold 800 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $195.98, for a total value of $156,784.00. Following the completion of the sale, the director owned 11,210 shares in the company, valued at approximately $2,196,935.80. This represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

PriceSmart Trading Down 3.1%

PSMT opened at $188.58 on Thursday. PriceSmart, Inc. has a one year low of $104.11 and a one year high of $199.84. The company has a market cap of $5.82 billion, a P/E ratio of 36.20 and a beta of 0.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.53 and a current ratio of 1.28. The business’s 50-day simple moving average is $177.70 and its 200-day simple moving average is $158.26.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of 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 data from MarketBeat, the company has an average rating of “Buy”.

Institutional Trading of PriceSmart

Several institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of PriceSmart by 76.0% in the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock valued at $28,000 after purchasing an additional 98 shares during the period. CENTRAL TRUST Co acquired a new position in PriceSmart during the fourth quarter worth approximately $32,000. Geneos Wealth Management Inc. lifted its stake in PriceSmart by 560.0% in 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. Caitong International Asset Management Co. Ltd lifted its stake in PriceSmart by 45,600.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock valued at $56,000 after buying an additional 456 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after acquiring an additional 179 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

About PriceSmart

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.