PriceSmart, Inc. (NASDAQ:PSMT – Get Rating) EVP Chong Jesus Von sold 719 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $66.73, for a total value of $47,978.87. Following the transaction, the executive vice president now owns 26,939 shares in the company, valued at approximately $1,797,639.47. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
PriceSmart Trading Down 0.1 %
Shares of PSMT opened at $66.30 on Tuesday. PriceSmart, Inc. has a 52-week low of $63.14 and a 52-week high of $90.77. The business’s fifty day moving average is $71.74 and its 200-day moving average is $74.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.50 and a current ratio of 1.30. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 20.34 and a beta of 0.70.
PriceSmart (NASDAQ:PSMT – Get Rating) last issued its quarterly earnings results on Monday, July 11th. The company reported $0.62 earnings per share (EPS) for the quarter. PriceSmart had a return on equity of 10.65% and a net margin of 2.55%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $951.87 million. During the same quarter last year, the company posted $0.73 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year.
Institutional Investors Weigh In On PriceSmart
Wall Street Analysts Forecast Growth
PSMT has been the topic of a number of recent research reports. StockNews.com upgraded PriceSmart from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. Scotiabank upgraded PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $100.00 price objective on the stock in a research note on Tuesday, April 19th.
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. Its warehouse clubs sell brand name and private label consumer products, essential goods, fresh produce, prepared foods, and fresh-baked goods, as well as provides services, such as optical, tire center, and other ancillary services.
- Get a free copy of the StockNews.com research report on PriceSmart (PSMT)
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