Sherry Bahrambeygui Sells 1,000 Shares of PriceSmart (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT – Get Free Report) Director Sherry Bahrambeygui sold 1,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $194.46, for a total value of $194,460.00. Following the sale, the director owned 35,649 shares of the company’s stock, valued at approximately $6,932,304.54. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PriceSmart Stock Performance

Shares of NASDAQ PSMT opened at $186.56 on Thursday. The business’s 50-day simple moving average is $185.90 and its 200-day simple moving average is $164.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.53 and a current ratio of 1.28. PriceSmart, Inc. has a 52 week low of $105.46 and a 52 week high of $199.84. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 35.81 and a beta of 0.76.

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PriceSmart (NASDAQ:PSMT – Get Free Report) last posted its earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.04). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share.

Hedge Funds Weigh In On PriceSmart

Several large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its position in PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after buying an additional 252 shares during the period. UMB Bank n.a. boosted its position in shares of PriceSmart by 76.0% in the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock valued at $28,000 after acquiring an additional 98 shares during the period. CENTRAL TRUST Co bought a new stake in shares of PriceSmart in the fourth quarter valued at approximately $32,000. Osaic Holdings Inc. grew its stake in shares of PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock worth $52,000 after acquiring an additional 179 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of 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 acquiring an additional 456 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on PSMT

PriceSmart Company Profile

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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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