PriceSmart (NASDAQ:PSMT) Director Sherry Bahrambeygui Sells 3,499 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 3,499 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $197.38, for a total value of $690,632.62. Following the transaction, the director owned 32,150 shares in the company, valued at $6,345,767. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

PriceSmart Price Performance

Shares of PSMT stock opened at $193.37 on Wednesday. PriceSmart, Inc. has a twelve month low of $105.46 and a twelve month high of $199.84. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 37.12 and a beta of 0.76. The stock has a fifty day simple moving average of $185.56 and a two-hundred day simple moving average of $164.21. The company has a current ratio of 1.28, a quick ratio of 0.53 and a debt-to-equity ratio of 0.08.

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

Institutional Investors Weigh In On PriceSmart

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus 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.