Key Points
- PriceSmart director Beatriz Infante sold 800 shares on July 13 at an average price of $195.98, for proceeds of about $156,784. After the sale, she still owned 11,210 shares valued at roughly $2.20 million.
- PriceSmart shares were up 1.8% and opened at $194.56, near their 52-week high of $199.84. The stock has risen well above its 50-day and 200-day moving averages, with a market cap of about $6.0 billion.
- Recent earnings were mixed: PriceSmart beat revenue expectations with $1.48 billion in quarterly sales, up 12.5% year over year, but missed EPS estimates by $0.04 at $1.28 per share. Analyst sentiment remains generally positive, with an average “Buy” rating despite a Weiss Ratings downgrade.
PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) Director Beatriz Infante sold 800 shares of PriceSmart stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $195.98, for a total value of $156,784.00. Following the completion of the transaction, the director directly owned 11,210 shares of the company's stock, valued at approximately $2,196,935.80. This trade represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
PriceSmart Stock Up 1.8%
Shares of PriceSmart stock opened at $194.56 on Wednesday. PriceSmart, Inc. has a one year low of $103.84 and a one year high of $199.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 0.53. The stock's 50-day moving average is $177.12 and its 200 day moving average is $157.80. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 37.34 and a beta of 0.76.
PriceSmart (NASDAQ:PSMT - Get Free Report) last released its earnings results on Wednesday, July 8th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.04). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.The company's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 EPS.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded PriceSmart from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy".
Read Our Latest Research Report on PriceSmart
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of PSMT. State Street Corp grew its holdings in shares of PriceSmart by 2.4% during the second quarter. State Street Corp now owns 1,045,998 shares of the company's stock valued at $109,872,000 after buying an additional 24,512 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of PriceSmart by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 763,261 shares of the company's stock worth $93,640,000 after acquiring an additional 7,095 shares during the last quarter. Invesco Ltd. lifted its position in PriceSmart by 13.3% in the 3rd quarter. Invesco Ltd. now owns 624,985 shares of the company's stock valued at $75,742,000 after acquiring an additional 73,419 shares in the last quarter. Morgan Stanley lifted its position in PriceSmart by 1.7% in the 4th quarter. Morgan Stanley now owns 495,799 shares of the company's stock valued at $60,820,000 after acquiring an additional 8,428 shares in the last quarter. Finally, Pertento Partners LLP boosted its stake in PriceSmart by 17.3% during the 4th quarter. Pertento Partners LLP now owns 488,387 shares of the company's stock valued at $59,910,000 after purchasing an additional 71,879 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company's stock.
About PriceSmart
(
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.
Further Reading
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