PriceSmart, Inc. (PSMT) EVP Sells $49,773.60 in Stock
PriceSmart, Inc. (NASDAQ:PSMT) EVP Chong Jesus Von sold 620 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $80.28, for a total value of $49,773.60. Following the sale, the executive vice president now owns 27,001 shares in the company, valued at $2,167,640.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
PriceSmart, Inc. (PSMT) traded up $0.30 on Tuesday, hitting $80.25. The stock had a trading volume of 109,600 shares, compared to its average volume of 120,307. The company has a market capitalization of $2,430.53, a PE ratio of 26.83 and a beta of 1.33. 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.
PriceSmart (NASDAQ:PSMT) last released its earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The business had revenue of $733.50 million for the quarter, compared to the consensus estimate of $733.64 million. PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. sell-side analysts expect that PriceSmart, Inc. will post 3.2 EPS for the current year.
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A number of large investors have recently made changes to their positions in PSMT. Citigroup Inc. grew its stake in PriceSmart by 18.5% in the second quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock worth $124,000 after purchasing an additional 220 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in PriceSmart by 16.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock worth $128,000 after purchasing an additional 206 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in PriceSmart by 12.1% in the second quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock worth $170,000 after purchasing an additional 210 shares in the last quarter. Victory Capital Management Inc. grew its stake in PriceSmart by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock worth $172,000 after purchasing an additional 295 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in PriceSmart by 1.6% in the second quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock worth $213,000 after purchasing an additional 39 shares in the last quarter. 73.68% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on PSMT. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet upgraded PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Roth Capital reaffirmed a “buy” rating and set a $100.00 target price on shares of PriceSmart in a research note on Monday, October 2nd. Zacks Investment Research raised PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Ifs Securities started coverage on PriceSmart in a research note on Monday, September 25th. They set a “market perform” rating and a $85.00 target price on the stock. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average 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.
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