PriceSmart, Inc. (NASDAQ:PSMT – Get Free Report) COO John Hildebrandt sold 11,834 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $168.23, for a total value of $1,990,833.82. Following the transaction, the chief operating officer directly owned 101,699 shares in the company, valued at approximately $17,108,822.77. The trade was a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
PriceSmart Stock Down 1.6%
PriceSmart stock opened at $162.56 on Friday. PriceSmart, Inc. has a fifty-two week low of $114.38 and a fifty-two week high of $199.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.52 and a current ratio of 1.24. The company has a market capitalization of $5.03 billion, a P/E ratio of 30.10 and a beta of 0.80. The stock has a 50-day simple moving average of $169.75 and a 200-day simple moving average of $166.77.
PriceSmart (NASDAQ:PSMT – Get Free Report) last announced its earnings results on Monday, October 26th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.46 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.15%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on PSMT shares. Weiss Ratings restated a “buy (b)” rating on shares of PriceSmart in a research report on Wednesday, August 26th. Jefferies Financial Group restated a “buy” rating and set a $198.00 price target on shares of PriceSmart in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, PriceSmart presently has an average rating of “Buy” and a consensus price target of $198.00.
Read Our Latest Research Report on PSMT
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in PriceSmart by 12.0% during the third quarter. Nisa Investment Advisors LLC now owns 606 shares of the company’s stock worth $102,000 after buying an additional 65 shares in the last quarter. Strs Ohio increased its holdings in PriceSmart by 1.5% in the first quarter. Strs Ohio now owns 6,800 shares of the company’s stock valued at $1,023,000 after buying an additional 100 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of PriceSmart by 46.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 343 shares of the company’s stock valued at $67,000 after acquiring an additional 109 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of PriceSmart by 22.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 651 shares of the company’s stock valued at $98,000 after acquiring an additional 120 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of PriceSmart by 24.5% during the 3rd quarter. Parallel Advisors LLC now owns 756 shares of the company’s stock valued at $128,000 after acquiring an additional 149 shares during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.
About PriceSmart
PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.
Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.
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