Sherry Bahrambeygui Sells 1,100 Shares of PriceSmart (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 1,100 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $192.29, for a total transaction of $211,519.00. Following the completion of the transaction, the director owned 37,649 shares of the company’s stock, valued at $7,239,526.21. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PriceSmart Price Performance

Shares of NASDAQ:PSMT opened at $193.91 on Friday. PriceSmart, Inc. has a 12 month low of $105.46 and a 12 month high of $199.84. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 37.22 and a beta of 0.76. The stock’s 50 day moving average price is $184.39 and its 200 day moving average price is $163.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 0.53.

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

Hedge Funds Weigh In On PriceSmart

A number of large investors have recently made changes to their positions in the business. Comerica Bank grew its position in PriceSmart by 77.2% during the fourth quarter. Comerica Bank now owns 33,224 shares of the company’s stock valued at $4,076,000 after purchasing an additional 14,475 shares in the last quarter. Calamos Advisors LLC purchased a new stake in PriceSmart in the 1st quarter worth approximately $4,165,000. Truist Financial Corp purchased a new stake in PriceSmart in the 4th quarter worth approximately $4,393,000. Aubrey Capital Management Ltd acquired a new stake in shares of PriceSmart during the 1st quarter valued at $2,002,000. Finally, Fifth Third Bancorp boosted its stake in shares of PriceSmart by 5,913.3% during the 1st quarter. Fifth Third Bancorp now owns 28,984 shares of the company’s stock valued at $4,362,000 after buying an additional 28,502 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut 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.com, the company presently has an average rating of “Buy”.

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.