Key Points
- Director Gordon Hanson sold 851 shares on Nov. 7 at an average price of $117.44 for $99,941.44, reducing his ownership by 10.01% to 7,653 shares (worth about $898,768).
- PriceSmart missed EPS expectations, reporting $1.02 vs. a $1.10 consensus while revenue matched forecasts at $1.33 billion and rose 8.6% year‑over‑year.
- Market sentiment is positive: analysts have recently upgraded the stock toward a "Strong Buy" consensus and institutional investors hold roughly 80.46% of shares.
PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) Director Gordon Hanson sold 851 shares of the firm's stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $117.44, for a total value of $99,941.44. Following the completion of the sale, the director directly owned 7,653 shares in the company, valued at $898,768.32. This trade represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
PriceSmart Stock Up 0.2%
Shares of NASDAQ PSMT opened at $116.04 on Wednesday. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 24.48 and a beta of 0.84. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. PriceSmart, Inc. has a 12 month low of $81.25 and a 12 month high of $125.48. The stock has a 50-day moving average price of $119.19 and a two-hundred day moving average price of $111.26.
PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly 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). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.46%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. As a group, analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.
Institutional Trading of PriceSmart
Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its holdings in PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company's stock valued at $26,000 after purchasing an additional 252 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of PriceSmart during the second quarter worth about $28,000. First Horizon Corp acquired a new position in shares of PriceSmart in the third quarter worth approximately $30,000. Steward Partners Investment Advisory LLC boosted its holdings in PriceSmart by 52.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company's stock valued at $38,000 after acquiring an additional 125 shares during the last quarter. Finally, Mather Group LLC. bought a new position in PriceSmart during the 3rd quarter worth approximately $39,000. Institutional investors own 80.46% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on PSMT. Wall Street Zen raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of PriceSmart in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, PriceSmart presently has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Analysis on PSMT
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.
Further Reading
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