Robert E. Price Sells 10,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMTGet Rating) Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $66.49, for a total value of $664,900.00. Following the sale, the director now directly owns 626,033 shares in the company, valued at $41,624,934.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

PriceSmart Stock Performance

Shares of PSMT opened at $65.08 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.30 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average price is $71.31 and its 200-day moving average price is $74.49. PriceSmart, Inc. has a 52 week low of $63.14 and a 52 week high of $88.50. The stock has a market cap of $2.01 billion, a P/E ratio of 19.96 and a beta of 0.70.

PriceSmart (NASDAQ:PSMTGet Rating) last issued its quarterly earnings results on Monday, July 11th. The company reported $0.62 EPS for the quarter. PriceSmart had a return on equity of 10.65% and a net margin of 2.55%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $951.87 million. During the same period in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year.

Institutional Trading of PriceSmart

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of PriceSmart by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,783,824 shares of the company’s stock worth $219,560,000 after purchasing an additional 54,019 shares in the last quarter. Black Creek Investment Management Inc. raised its holdings in PriceSmart by 0.7% in the 1st quarter. Black Creek Investment Management Inc. now owns 1,538,899 shares of the company’s stock worth $121,373,000 after acquiring an additional 10,800 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in PriceSmart by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,048,755 shares of the company’s stock worth $82,716,000 after acquiring an additional 6,531 shares during the last quarter. State Street Corp raised its holdings in PriceSmart by 1.4% in the 1st quarter. State Street Corp now owns 882,646 shares of the company’s stock worth $69,614,000 after acquiring an additional 12,264 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in PriceSmart by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 440,199 shares of the company’s stock worth $32,209,000 after acquiring an additional 12,975 shares during the last quarter. 77.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PSMT. Scotiabank raised PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $100.00 price objective on the stock in a research report on Tuesday, April 19th. StockNews.com raised PriceSmart from a “hold” rating to a “buy” rating in a research report on Tuesday, July 19th.

About PriceSmart

(Get Rating)

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.

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