Key Points
- PriceSmart EVP Paul Kovaleski sold 1,305 shares on November 14 at an average price of $114.55 for about $149,488, trimming his stake by 2.94% to 43,109 shares (≈$4.94M).
- Recent quarter showed an EPS miss — PriceSmart reported $1.02 EPS, missing consensus by $0.08, while revenue was $1.33 billion, up 8.6% year-over-year.
- Analyst sentiment is bullish with recent upgrades pushing the stock to an average rating of "Strong Buy;" the shares trade near $115 with a market cap of about $3.58 billion and a P/E of 24.44.
PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) EVP Paul Kovaleski sold 1,305 shares of the firm's stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $114.55, for a total value of $149,487.75. Following the transaction, the executive vice president owned 43,109 shares in the company, valued at approximately $4,938,135.95. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
PriceSmart Stock Performance
Shares of PSMT stock opened at $115.85 on Tuesday. The company has a market capitalization of $3.58 billion, a P/E ratio of 24.44 and a beta of 0.84. PriceSmart, Inc. has a fifty-two week low of $81.25 and a fifty-two week high of $125.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 1.28. The stock has a 50 day moving average price of $119.08 and a two-hundred day moving average price of $111.16.
PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its earnings results on Thursday, October 30th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.08). PriceSmart had a return on equity of 12.46% and a net margin of 2.82%.The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have recently commented on PSMT shares. Weiss Ratings raised shares of PriceSmart from a "buy (b)" rating to a "buy (a-)" rating in a research note on Monday, November 10th. Wall Street Zen upgraded PriceSmart from a "hold" rating to a "buy" rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Strong Buy".
Get Our Latest Stock Report on PriceSmart
Institutional Investors Weigh In On PriceSmart
Several institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its position in shares of PriceSmart by 560.0% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company's stock valued at $26,000 after buying an additional 252 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in PriceSmart during the 2nd quarter valued at approximately $28,000. First Horizon Corp purchased a new position in shares of PriceSmart during the 3rd quarter worth approximately $30,000. Steward Partners Investment Advisory LLC grew its holdings in shares of PriceSmart by 52.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company's stock worth $38,000 after acquiring an additional 125 shares during the period. Finally, Mather Group LLC. bought a new position in shares of PriceSmart in the 3rd quarter worth approximately $39,000. 80.46% of the stock is owned by hedge funds and other institutional investors.
About PriceSmart
(
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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