David R. Price Sells 2,750 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP David R. Price sold 2,750 shares of PriceSmart stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total transaction of $253,660.00. Following the sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PriceSmart Stock Down 2.1 %

PSMT traded down $1.97 during trading on Thursday, hitting $90.02. 147,574 shares of the company’s stock were exchanged, compared to its average volume of 151,098. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $89.78 and its two-hundred day moving average is $85.80. PriceSmart, Inc. has a fifty-two week low of $64.94 and a fifty-two week high of $94.82. The stock has a market cap of $2.76 billion, a P/E ratio of 20.13 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.07). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, equities analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PriceSmart

Institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in PriceSmart during the second quarter worth about $28,000. Canada Pension Plan Investment Board bought a new position in shares of PriceSmart in the second quarter valued at approximately $32,000. GAMMA Investing LLC boosted its position in shares of PriceSmart by 76.4% in the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after acquiring an additional 181 shares during the period. Covestor Ltd boosted its position in shares of PriceSmart by 237.4% in the first quarter. Covestor Ltd now owns 442 shares of the company’s stock valued at $38,000 after acquiring an additional 311 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of PriceSmart in the second quarter valued at approximately $40,000. Institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

PriceSmart Company Profile

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.