PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry S. Bahrambeygui sold 16,200 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $81.55, for a total transaction of $1,321,110.00. Following the completion of the transaction, the director now directly owns 125,813 shares in the company, valued at approximately $10,260,050.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

PriceSmart, Inc. (PSMT) opened at $79.95 on Friday. PriceSmart, Inc. has a 1 year low of $78.00 and a 1 year high of $94.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.55 and a current ratio of 1.40. The company has a market cap of $2,441.17, a P/E ratio of 26.95 and a beta of 1.33.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.09). PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The firm had revenue of $733.50 million for the quarter, compared to the consensus estimate of $733.64 million. During the same period in the prior year, the business earned $0.74 EPS. PriceSmart’s quarterly revenue was up 3.2% compared to the same quarter last year. sell-side analysts forecast that PriceSmart, Inc. will post 3.2 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the business. Crawford Investment Counsel Inc. lifted its position in shares of PriceSmart by 4.2% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 133,329 shares of the company’s stock worth $11,680,000 after buying an additional 5,320 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of PriceSmart by 10.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 129,088 shares of the company’s stock worth $11,902,000 after buying an additional 11,831 shares in the last quarter. BlackRock Inc. lifted its position in shares of PriceSmart by 2.5% during the 2nd quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock worth $115,604,000 after buying an additional 32,748 shares in the last quarter. Rhumbline Advisers lifted its position in shares of PriceSmart by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 26,442 shares of the company’s stock worth $2,316,000 after buying an additional 1,348 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of PriceSmart by 9.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 47,241 shares of the company’s stock worth $4,356,000 after buying an additional 3,900 shares in the last quarter. 73.16% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on PSMT shares. Ifs Securities started coverage on shares of PriceSmart in a research report on Monday, September 25th. They issued a “market perform” rating and a $85.00 price target on the stock. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Roth Capital set a $102.00 price target on shares of PriceSmart and gave the company a “buy” rating in a research report on Tuesday, August 8th. TheStreet raised shares of PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Finally, BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. PriceSmart presently has a consensus rating of “Hold” and an average price target of $92.50.

PriceSmart Company Profile

PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.

Insider Buying and Selling by Quarter for PriceSmart (NASDAQ:PSMT)

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