PriceSmart (NASDAQ:PSMT) EVP Sells $53,593.28 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco sold 338 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $158.56, for a total value of $53,593.28. Following the transaction, the executive vice president owned 75,659 shares in the company, valued at approximately $11,996,491.04. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PriceSmart Stock Up 2.3%

PSMT stock traded up $3.64 on Monday, hitting $162.90. 182,069 shares of the company’s stock were exchanged, compared to its average volume of 231,663. PriceSmart, Inc. has a 12-month low of $99.98 and a 12-month high of $165.46. The firm has a 50 day moving average price of $153.20 and a two-hundred day moving average price of $140.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.52 and a current ratio of 1.29. The stock has a market cap of $5.03 billion, a P/E ratio of 32.13 and a beta of 0.77.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, April 8th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.05. PriceSmart had a return on equity of 12.23% and a net margin of 2.82%.The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year.

Hedge Funds Weigh In On PriceSmart

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its holdings in shares of PriceSmart by 560.0% in the 1st 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 period. UMB Bank n.a. lifted its holdings 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 buying an additional 98 shares during the period. First Horizon Corp purchased a new position in shares of PriceSmart during the 3rd quarter valued at approximately $30,000. CENTRAL TRUST Co purchased a new position in shares of PriceSmart during the 4th quarter valued at approximately $32,000. Finally, AlphaQuest LLC lifted its stake in shares of PriceSmart by 127.5% in the 3rd quarter. AlphaQuest LLC now owns 414 shares of the company’s stock valued at $50,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised PriceSmart from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, 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.