PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $130,274.07 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry S. Bahrambeygui sold 1,569 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $83.03, for a total value of $130,274.07. Following the sale, the director now directly owns 91,738 shares in the company, valued at approximately $7,617,006.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PriceSmart Stock Performance

NASDAQ PSMT opened at $82.46 on Friday. The business’s 50-day moving average price is $82.00 and its 200 day moving average price is $76.35. The company has a market capitalization of $2.53 billion, a PE ratio of 20.72 and a beta of 0.92. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $86.90.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. On average, research analysts predict that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

PriceSmart Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were issued a $1.00 dividend. The ex-dividend date was Thursday, April 18th. PriceSmart’s dividend payout ratio (DPR) is 29.15%.

Analyst Ratings Changes

Several equities analysts recently weighed in on PSMT shares. TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a research report on Tuesday, January 30th. Jefferies Financial Group increased their target price on PriceSmart from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th.

Institutional Investors Weigh In On PriceSmart

Several hedge funds have recently modified their holdings of PSMT. SG Americas Securities LLC raised its holdings in shares of PriceSmart by 235.9% during the 3rd quarter. SG Americas Securities LLC now owns 4,847 shares of the company’s stock valued at $361,000 after buying an additional 3,404 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of PriceSmart by 93.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,278 shares of the company’s stock valued at $95,000 after buying an additional 616 shares during the period. Raymond James & Associates raised its holdings in shares of PriceSmart by 0.7% during the 3rd quarter. Raymond James & Associates now owns 94,848 shares of the company’s stock valued at $7,060,000 after buying an additional 626 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of PriceSmart by 18.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,371 shares of the company’s stock valued at $400,000 after buying an additional 824 shares during the period. Finally, RWC Asset Management LLP purchased a new stake in shares of PriceSmart during the 3rd quarter valued at about $4,778,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.