PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E. Price sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $85.87, for a total transaction of $858,700.00. Following the sale, the director now directly owns 80 shares of the company’s stock, valued at $6,869.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

NASDAQ:PSMT opened at $87.80 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.36 and a quick ratio of 0.49. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 29.57 and a beta of 1.16. PriceSmart, Inc. has a 1-year low of $77.30 and a 1-year high of $94.45.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, July 5th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.08). The firm had revenue of $782.20 million during the quarter, compared to analysts’ expectations of $787.19 million. PriceSmart had a net margin of 2.41% and a return on equity of 12.01%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. sell-side analysts expect that PriceSmart, Inc. will post 3.01 earnings per share for the current fiscal year.

PSMT has been the subject of a number of research reports. ValuEngine cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, June 5th. Scotiabank set a $86.00 price target on shares of PriceSmart and gave the stock a “hold” rating in a research report on Wednesday, July 11th. Finally, TheStreet cut shares of PriceSmart from a “b-” rating to a “c+” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $91.50.

A number of large investors have recently bought and sold shares of the business. EdgePoint Investment Group Inc. boosted its position in PriceSmart by 0.9% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,276,346 shares of the company’s stock valued at $206,009,000 after buying an additional 20,058 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in PriceSmart by 9.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,739,639 shares of the company’s stock valued at $145,347,000 after buying an additional 149,580 shares during the last quarter. BlackRock Inc. boosted its position in PriceSmart by 8.4% in the 2nd quarter. BlackRock Inc. now owns 1,476,765 shares of the company’s stock valued at $133,648,000 after buying an additional 114,121 shares during the last quarter. FMR LLC boosted its position in PriceSmart by 6.1% in the 2nd quarter. FMR LLC now owns 1,337,985 shares of the company’s stock valued at $121,088,000 after buying an additional 76,580 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its position in PriceSmart by 5.7% in the 2nd quarter. Baillie Gifford & Co. now owns 1,243,380 shares of the company’s stock valued at $112,526,000 after buying an additional 67,169 shares during the last quarter. 77.52% of the stock is owned by institutional investors.

About PriceSmart

PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of May 7, 2017, it operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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

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