PriceSmart, Inc. (NASDAQ:PSMT) COO William J. Naylon sold 2,400 shares of PriceSmart stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $80.05, for a total transaction of $192,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of PriceSmart, Inc. (NASDAQ PSMT) traded up $0.50 during mid-day trading on Friday, hitting $81.75. 109,201 shares of the stock were exchanged, compared to its average volume of 123,286. PriceSmart, Inc. has a 1 year low of $78.00 and a 1 year high of $94.00. The company has a market cap of $2,500.00, a PE ratio of 26.95 and a beta of 1.33. The company has a current ratio of 1.40, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.09). PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The business had revenue of $733.50 million for the quarter, compared to the consensus estimate of $733.64 million. During the same quarter last year, the firm posted $0.74 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. equities research analysts expect that PriceSmart, Inc. will post 3.2 earnings per share for the current year.
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A number of analysts have recently commented on the stock. Ifs Securities assumed coverage on shares of PriceSmart in a report on Monday, September 25th. They set a “market perform” rating and a $85.00 target price on the stock. Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Roth Capital set a $102.00 target price on shares of PriceSmart and gave the company a “buy” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $92.50.
Several hedge funds have recently made changes to their positions in PSMT. Vanguard Group Inc. boosted its stake in PriceSmart by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,026,266 shares of the company’s stock worth $177,501,000 after purchasing an additional 10,009 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in PriceSmart by 9.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock worth $134,887,000 after purchasing an additional 132,555 shares in the last quarter. BlackRock Inc. boosted its stake in PriceSmart by 2.5% in the 2nd quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock worth $115,604,000 after purchasing an additional 32,748 shares in the last quarter. FMR LLC boosted its stake in PriceSmart by 1.0% in the 2nd quarter. FMR LLC now owns 1,124,293 shares of the company’s stock worth $98,488,000 after purchasing an additional 10,907 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in PriceSmart by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 654,058 shares of the company’s stock worth $58,374,000 after purchasing an additional 12,039 shares in the last quarter. Hedge funds and other institutional investors own 73.68% of the company’s stock.
PriceSmart Company Profile
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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