PriceSmart, Inc. (NASDAQ:PSMT – Get Free Report) Director Beatriz Infante sold 800 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were 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 in the company, valued at $2,196,935.80. The trade was a 6.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
PriceSmart Stock Performance
PriceSmart stock opened at $189.05 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.53 and a debt-to-equity ratio of 0.08. The firm has a market cap of $5.83 billion, a P/E ratio of 36.29 and a beta of 0.76. PriceSmart, Inc. has a 1-year low of $104.11 and a 1-year high of $199.84. The firm has a 50-day moving average of $178.35 and a 200-day moving average of $158.71.
PriceSmart (NASDAQ:PSMT – Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on PriceSmart
Hedge Funds Weigh In On PriceSmart
Institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. grew its holdings in shares of PriceSmart by 76.0% during the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after acquiring an additional 98 shares during the period. CENTRAL TRUST Co bought a new stake in shares of PriceSmart during the fourth quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its stake in PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after purchasing an additional 252 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in PriceSmart by 45,600.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock worth $56,000 after purchasing an additional 456 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in PriceSmart by 57.2% during the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after buying an additional 179 shares during the period. 80.46% of the stock is owned by institutional investors.
About PriceSmart
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.
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