PriceSmart Target of Unusually Large Options Trading (NASDAQ:PSMT)
PriceSmart, Inc. (NASDAQ:PSMT) was the recipient of unusually large options trading on Thursday. Stock traders purchased 1,300 put options on the company. This represents an increase of approximately 1,268% compared to the average volume of 95 put options.
PriceSmart stock opened at $72.65 on Friday. PriceSmart has a twelve month low of $48.06 and a twelve month high of $79.90. The stock has a 50 day moving average of $70.97 and a two-hundred day moving average of $60.92. The company has a current ratio of 1.21, a quick ratio of 0.39 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 26.12 and a beta of 1.00.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. PriceSmart had a return on equity of 10.91% and a net margin of 2.27%. The company had revenue of $801.30 million during the quarter, compared to analysts’ expectations of $812.34 million. During the same period last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of PSMT. Genesis Investment Management LLP acquired a new stake in PriceSmart during the 3rd quarter worth approximately $79,786,000. EdgePoint Investment Group Inc. lifted its holdings in shares of PriceSmart by 12.3% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 3,898,986 shares of the company’s stock valued at $199,316,000 after buying an additional 427,907 shares during the period. Marathon Asset Management LLP acquired a new stake in shares of PriceSmart in the 2nd quarter valued at approximately $14,603,000. Renaissance Technologies LLC lifted its holdings in shares of PriceSmart by 38.8% in the 2nd quarter. Renaissance Technologies LLC now owns 560,400 shares of the company’s stock valued at $28,648,000 after buying an additional 156,700 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in shares of PriceSmart in the 2nd quarter valued at approximately $7,316,000. 82.98% of the stock is owned by institutional investors.
A number of research firms recently issued reports on PSMT. BidaskClub downgraded PriceSmart from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. TheStreet upgraded PriceSmart from a “c+” rating to a “b” rating in a research note on Tuesday, October 29th. Finally, ValuEngine downgraded PriceSmart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. PriceSmart presently has an average rating of “Hold” and an average price target of $64.85.
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company 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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