Leon C. Janks Sells 3,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Leon C. Janks sold 3,000 shares of PriceSmart stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $101.78, for a total transaction of $305,340.00. Following the completion of the sale, the director now owns 33,734 shares of the company’s stock, valued at approximately $3,433,446.52. This trade represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PriceSmart Stock Up 1.2%

Shares of NASDAQ:PSMT opened at $104.71 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $92.73 and a 200 day simple moving average of $91.39. The firm has a market cap of $3.22 billion, a PE ratio of 23.06 and a beta of 0.75. PriceSmart, Inc. has a 12-month low of $77.51 and a 12-month high of $108.01.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.06). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $1.31 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Institutional Trading of PriceSmart

Several institutional investors have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC bought a new stake in PriceSmart during the first quarter valued at $987,000. Goldman Sachs Group Inc. increased its stake in PriceSmart by 41.7% during the first quarter. Goldman Sachs Group Inc. now owns 182,919 shares of the company’s stock valued at $16,069,000 after purchasing an additional 53,874 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new stake in PriceSmart during the first quarter valued at $13,109,000. Petrus Trust Company LTA bought a new stake in PriceSmart during the first quarter valued at $326,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in PriceSmart by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,917 shares of the company’s stock valued at $1,310,000 after purchasing an additional 648 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Monday, March 10th.

About PriceSmart

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.