PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry S. Bahrambeygui Sells 2,000 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry S. Bahrambeygui sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $84.56, for a total value of $169,120.00. Following the sale, the director now owns 89,738 shares in the company, valued at approximately $7,588,245.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PriceSmart Stock Down 0.4 %

NASDAQ:PSMT traded down $0.36 during mid-day trading on Thursday, hitting $85.40. The company had a trading volume of 103,571 shares, compared to its average volume of 156,735. The business has a fifty day simple moving average of $82.06 and a 200-day simple moving average of $76.60. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. PriceSmart, Inc. has a 1 year low of $61.82 and a 1 year high of $86.90. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 21.50 and a beta of 0.92.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.24 by $0.07. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company posted $1.25 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities analysts forecast that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

The firm also recently announced a None dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, April 18th. PriceSmart’s payout ratio is 29.15%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th. Jefferies Financial Group lifted their target price on PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, StockNews.com cut PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 13th.

Institutional Trading of PriceSmart

Hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in shares of PriceSmart during the third quarter worth about $47,000. TFO Wealth Partners LLC grew its stake in PriceSmart by 30,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock worth $69,000 after purchasing an additional 909 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new position in PriceSmart in the first quarter worth about $85,000. CWM LLC grew its stake in PriceSmart by 331.4% in the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock worth $79,000 after purchasing an additional 802 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in PriceSmart in the first quarter worth about $117,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

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.