PriceSmart (NASDAQ:PSMT) Director Beatriz Infante Sells 800 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Beatriz Infante sold 800 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $195.98, for a total transaction of $156,784.00. Following the completion of the transaction, the director owned 11,210 shares of the company’s stock, valued at $2,196,935.80. This represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PriceSmart Stock Up 1.8%

Shares of PSMT stock traded up $3.43 during mid-day trading on Tuesday, hitting $194.56. 242,874 shares of the stock traded hands, compared to its average volume of 255,679. PriceSmart, Inc. has a 52-week low of $103.84 and a 52-week high of $199.84. The stock has a market cap of $6.00 billion, a P/E ratio of 37.34 and a beta of 0.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 0.53. The stock’s fifty day moving average is $176.36 and its two-hundred day moving average is $157.31.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, July 8th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PriceSmart currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On PriceSmart

Several institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its holdings in shares of PriceSmart by 124.2% during the first quarter. Advisors Asset Management Inc. now owns 668 shares of the company’s stock valued at $59,000 after acquiring an additional 370 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in PriceSmart by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,917 shares of the company’s stock worth $1,310,000 after purchasing an additional 648 shares during the last quarter. Goldman Sachs Group Inc. grew its position in PriceSmart by 41.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 182,919 shares of the company’s stock worth $16,069,000 after purchasing an additional 53,874 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in PriceSmart by 12.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,642 shares of the company’s stock valued at $6,206,000 after purchasing an additional 7,717 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in PriceSmart by 34.7% during the 1st quarter. Intech Investment Management LLC now owns 18,673 shares of the company’s stock valued at $1,640,000 after purchasing an additional 4,806 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Company Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.