PriceSmart (NASDAQ:PSMT) Director Sells $194,460.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $194.46, for a total transaction of $194,460.00. Following the transaction, the director directly owned 35,649 shares of the company’s stock, valued at approximately $6,932,304.54. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PriceSmart Trading Down 4.5%

PriceSmart stock opened at $178.13 on Friday. 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 $186.03 and its 200-day simple moving average is $164.80. The firm has a market capitalization of $5.50 billion, a PE ratio of 34.19 and a beta of 0.76. PriceSmart, Inc. has a 52 week low of $105.46 and a 52 week high of $199.84.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data 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 analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 EPS.

Institutional Investors Weigh In On PriceSmart

A number of institutional investors have recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in shares of PriceSmart by 77.2% in the 4th 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 acquired a new stake in PriceSmart during the 1st quarter valued at $4,165,000. Truist Financial Corp bought a new position in PriceSmart in the 4th quarter valued at $4,393,000. Aubrey Capital Management Ltd bought a new position in PriceSmart in the 1st quarter valued at $2,002,000. Finally, Fifth Third Bancorp raised its stake in shares of PriceSmart by 5,913.3% in the first quarter. Fifth Third Bancorp now owns 28,984 shares of the company’s stock worth $4,362,000 after acquiring an additional 28,502 shares during the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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