Key Points
- PriceSmart EVP Francisco Velasco sold 338 shares on May 15 at an average price of $158.56, worth about $53,593. After the sale, he still held 75,659 shares valued at roughly $12.0 million.
- PriceSmart recently beat quarterly earnings and revenue estimates, reporting $1.62 EPS on $1.50 billion in revenue versus forecasts of $1.57 EPS and $1.48 billion. Revenue rose 9.7% year over year.
- The stock was trading near its 52-week high at $162.90, with a market cap of $5.03 billion. Analyst sentiment remains positive, with an average Buy rating and Weiss Ratings upgrading the stock to “buy (b+).”
PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) EVP Francisco Velasco sold 338 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $158.56, for a total transaction of $53,593.28. Following the transaction, the executive vice president owned 75,659 shares of the company's stock, valued at approximately $11,996,491.04. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
PriceSmart Price Performance
PSMT opened at $162.90 on Tuesday. The firm has a market cap of $5.03 billion, a P/E ratio of 32.13 and a beta of 0.77. The firm has a 50-day moving average of $153.52 and a 200 day moving average of $140.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.52 and a current ratio of 1.29. PriceSmart, Inc. has a fifty-two week low of $99.98 and a fifty-two week high of $165.46.
PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 8th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.05. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.23%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share.
Institutional Investors Weigh In On PriceSmart
Institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in PriceSmart by 76.0% during the fourth quarter. UMB Bank n.a. now owns 227 shares of the company's stock valued at $28,000 after purchasing an additional 98 shares during the last quarter. First Horizon Corp purchased a new stake in shares of PriceSmart in the third quarter worth about $30,000. CENTRAL TRUST Co purchased a new stake in shares of PriceSmart in the fourth quarter worth about $32,000. Geneos Wealth Management Inc. lifted its holdings in shares of PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company's stock worth $26,000 after buying an additional 252 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in shares of PriceSmart by 127.5% in the third quarter. AlphaQuest LLC now owns 414 shares of the company's stock worth $50,000 after buying an additional 232 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of PriceSmart from a "buy (b)" rating to a "buy (b+)" rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy".
View Our Latest Stock Report on PriceSmart
PriceSmart Company Profile
(
Get Free Report)
PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart's value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.
The company's product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.
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