PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) EVP David R. Price sold 2,750 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $92.24, for a total value of $253,660.00. Following the completion of the sale, the executive vice president now directly owns 48,844 shares in the company, valued at approximately $4,505,370.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
PriceSmart Stock Performance
NASDAQ PSMT opened at $90.02 on Friday. The company's fifty day moving average is $89.80 and its two-hundred day moving average is $85.83. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 19.70 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. PriceSmart, Inc. has a 52-week low of $64.94 and a 52-week high of $94.82.
PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.07). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. PriceSmart's revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. Equities research analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.
Wall Street Analysts Forecast Growth
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Separately, StockNews.com lowered PriceSmart from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st.
Read Our Latest Research Report on PriceSmart
Institutional Trading of PriceSmart
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSMT. Meeder Asset Management Inc. lifted its position in shares of PriceSmart by 313.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,037 shares of the company's stock worth $187,000 after buying an additional 1,544 shares during the period. Quest Partners LLC increased its position in shares of PriceSmart by 45.9% during the 3rd quarter. Quest Partners LLC now owns 12,009 shares of the company's stock worth $1,102,000 after purchasing an additional 3,779 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in PriceSmart by 4.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 25,983 shares of the company's stock valued at $2,384,000 after purchasing an additional 1,152 shares during the last quarter. Royce & Associates LP boosted its position in PriceSmart by 1.3% in the third quarter. Royce & Associates LP now owns 24,094 shares of the company's stock valued at $2,211,000 after buying an additional 312 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in PriceSmart by 330.0% during the third quarter. Victory Capital Management Inc. now owns 22,615 shares of the company's stock worth $2,076,000 after buying an additional 17,356 shares during the last quarter. Institutional investors own 80.46% of the company's stock.
About PriceSmart
(
Get Free Report)
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.
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