PriceSmart, Inc. (NASDAQ:PSMT – Get Free Report) Director Sherry Bahrambeygui sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.29, for a total value of $211,519.00. Following the completion of the transaction, the director owned 37,649 shares in the company, valued at approximately $7,239,526.21. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
PriceSmart Stock Up 0.8%
PSMT opened at $193.91 on Friday. The firm has a 50 day moving average price of $184.39 and a 200 day moving average price of $163.23. The company has a market cap of $5.98 billion, a PE ratio of 37.22 and a beta of 0.76. PriceSmart, Inc. has a 1 year low of $105.46 and a 1 year high of $199.84. 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 (NASDAQ:PSMT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 8th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.04). The business had revenue of $1.48 billion during 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 company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.14 EPS.
Analyst Upgrades and Downgrades
View Our Latest Report on PSMT
Institutional Investors Weigh In On PriceSmart
A number of large investors have recently modified their holdings of PSMT. State Street Corp raised its holdings in shares of PriceSmart by 2.4% during the 2nd quarter. State Street Corp now owns 1,045,998 shares of the company’s stock valued at $109,872,000 after buying an additional 24,512 shares during the period. Geode Capital Management LLC boosted its holdings in PriceSmart by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 763,261 shares of the company’s stock worth $93,640,000 after acquiring an additional 7,095 shares during the period. Invesco Ltd. grew its position in PriceSmart by 13.3% in the third quarter. Invesco Ltd. now owns 624,985 shares of the company’s stock valued at $75,742,000 after acquiring an additional 73,419 shares in the last quarter. Morgan Stanley grew its position in PriceSmart by 1.7% in the fourth quarter. Morgan Stanley now owns 495,799 shares of the company’s stock valued at $60,820,000 after acquiring an additional 8,428 shares in the last quarter. Finally, Pertento Partners LLP raised its stake in shares of PriceSmart by 17.3% during the fourth quarter. Pertento Partners LLP now owns 488,387 shares of the company’s stock valued at $59,910,000 after purchasing an additional 71,879 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.
PriceSmart Company Profile
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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