PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) Director Sherry S. Bahrambeygui sold 5,201 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $82.83, for a total value of $430,798.83. Following the transaction, the director now directly owns 93,307 shares in the company, valued at $7,728,618.81. The sale was disclosed in a filing with the SEC, which is available through this link.
PriceSmart Stock Down 1.7 %
PriceSmart stock opened at $80.59 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. The business's 50-day simple moving average is $81.99 and its two-hundred day simple moving average is $76.18. The company has a market cap of $2.46 billion, a PE ratio of 20.25 and a beta of 0.92. PriceSmart, Inc. has a fifty-two week low of $61.82 and a fifty-two week high of $86.90.
PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 10th. The company reported $1.31 earnings per share 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 business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The company's quarterly revenue was up 13.1% compared to the same quarter last year. Equities analysts anticipate that PriceSmart, Inc. will post 4.64 EPS for the current year.
PriceSmart Announces Dividend
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The business also recently announced a None dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, April 18th. PriceSmart's payout ratio is 29.15%.
Institutional Trading of PriceSmart
A number of hedge funds have recently modified their holdings of PSMT. American Century Companies Inc. boosted its stake in shares of PriceSmart by 114.4% in the third quarter. American Century Companies Inc. now owns 492,976 shares of the company's stock worth $36,692,000 after buying an additional 263,016 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of PriceSmart by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company's stock worth $251,533,000 after buying an additional 141,920 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of PriceSmart in the third quarter worth about $7,951,000. Fourth Sail Capital LP purchased a new stake in shares of PriceSmart in the fourth quarter worth about $7,738,000. Finally, UBS Group AG boosted its stake in shares of PriceSmart by 2,132.7% in the fourth quarter. UBS Group AG now owns 88,015 shares of the company's stock worth $6,670,000 after buying an additional 84,073 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.
Analyst Ratings Changes
PSMT has been the topic of several recent analyst reports. Jefferies Financial Group upped their target price on PriceSmart from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. StockNews.com downgraded PriceSmart from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 13th. Finally, TheStreet upgraded PriceSmart from a "c+" rating to a "b-" rating in a research note on Tuesday, January 30th.
Read Our Latest Analysis on PriceSmart
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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