PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) Director Jeffrey Fisher sold 5,478 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $90.83, for a total transaction of $497,566.74. Following the sale, the director now owns 21,646 shares of the company's stock, valued at $1,966,106.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
PriceSmart Trading Up 0.2 %
NASDAQ:PSMT opened at $90.19 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. The stock has a market cap of $2.77 billion, a PE ratio of 19.74 and a beta of 0.85. The stock's 50-day moving average is $89.81 and its two-hundred day moving average is $85.89. PriceSmart, Inc. has a fifty-two week low of $64.94 and a fifty-two week high of $94.82.
PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.07). PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business posted $0.65 EPS. PriceSmart's revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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Separately, StockNews.com downgraded PriceSmart from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st.
Check Out Our Latest Report on PriceSmart
Institutional Investors Weigh In On PriceSmart
Institutional investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of PriceSmart in the 2nd quarter valued at $28,000. Canada Pension Plan Investment Board acquired a new stake in shares of PriceSmart in the 2nd quarter valued at $32,000. GAMMA Investing LLC lifted its position in PriceSmart by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company's stock worth $34,000 after buying an additional 181 shares in the last quarter. Covestor Ltd lifted its position in PriceSmart by 237.4% during the 1st quarter. Covestor Ltd now owns 442 shares of the company's stock worth $38,000 after buying an additional 311 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in PriceSmart during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 80.46% of the company's stock.
PriceSmart Company Profile
(
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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