Key Points
- PriceSmart EVP Francisco Velasco sold 338 shares at an average price of $177.87, generating approximately $60,120. He retains 75,321 shares after the transaction.
- PSMT shares opened at $175.61 and were recently down 0.6%. The company’s latest quarterly revenue rose 12.5% year over year to $1.48 billion, though earnings per share of $1.28 missed estimates by $0.04.
- Analysts maintain a consensus “Buy” rating with a $198 price target, while institutional investors own approximately 80.46% of the stock.
PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) EVP Francisco Velasco sold 338 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $177.87, for a total value of $60,120.06. Following the transaction, the executive vice president directly owned 75,321 shares in the company, valued at approximately $13,397,346.27. This trade represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
PriceSmart Trading Down 0.6%
PSMT stock opened at $175.61 on Thursday. PriceSmart, Inc. has a one year low of $105.46 and a one year high of $199.84. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 33.71 and a beta of 0.76. The company has a fifty day moving average price of $186.67 and a two-hundred day moving average price of $166.96. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 0.53.
PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share for the quarter, missing analysts' consensus estimates of $1.32 by ($0.04). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.43 billion. PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.PriceSmart's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on PSMT shares. Jefferies Financial Group reaffirmed a "buy" rating and set a $198.00 price target on shares of PriceSmart in a report on Wednesday, August 12th. Weiss Ratings downgraded shares of PriceSmart from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $198.00.
Get Our Latest Stock Analysis on PSMT
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in shares of PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company's stock valued at $26,000 after acquiring an additional 252 shares in the last quarter. UMB Bank n.a. boosted its stake in PriceSmart by 76.0% during the fourth quarter. UMB Bank n.a. now owns 227 shares of the company's stock worth $28,000 after acquiring an additional 98 shares in the last quarter. CENTRAL TRUST Co bought a new position in PriceSmart during the fourth quarter worth $32,000. Bell Investment Advisors Inc bought a new position in PriceSmart during the second quarter worth $40,000. Finally, Osaic Holdings Inc. grew its holdings in PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company's stock worth $52,000 after purchasing an additional 179 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.
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.
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