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 the business’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $101.78, for a total value of $305,340.00. Following the completion of the transaction, the director now directly owns 33,734 shares of the company’s stock, valued at approximately $3,433,446.52. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

PriceSmart Stock Up 2.0%

PriceSmart stock opened at $103.46 on Friday. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $108.01. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $92.36 and a 200-day moving average of $91.29. The stock has a market capitalization of $3.18 billion, a PE ratio of 22.79 and a beta of 0.75.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share 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 analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $1.31 earnings per share. PriceSmart’s revenue for the quarter 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 Inflows and Outflows

A number of hedge funds have recently modified their holdings of PSMT. AQR Capital Management LLC lifted its stake in PriceSmart by 10.4% in the 1st quarter. AQR Capital Management LLC now owns 68,610 shares of the company’s stock valued at $6,027,000 after acquiring an additional 6,486 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in PriceSmart by 124.2% during the first quarter. Advisors Asset Management Inc. now owns 668 shares of the company’s stock worth $59,000 after purchasing an additional 370 shares during the period. Dark Forest Capital Management LP raised its stake in PriceSmart by 665.0% in the first quarter. Dark Forest Capital Management LP now owns 38,711 shares of the company’s stock valued at $3,401,000 after buying an additional 33,651 shares during the period. Quarry LP acquired a new stake in shares of PriceSmart in the first quarter valued at approximately $49,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of PriceSmart in the first quarter valued at approximately $450,000. 80.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.