Chong Jesus Von Sells 620 Shares of PriceSmart, Inc. (PSMT) Stock
PriceSmart, Inc. (NASDAQ:PSMT) EVP Chong Jesus Von sold 620 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $80.28, for a total value of $49,773.60. Following the sale, the executive vice president now owns 27,001 shares of the company’s stock, valued at $2,167,640.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of PriceSmart, Inc. (PSMT) traded down $0.40 on Thursday, reaching $79.90. The company’s stock had a trading volume of 76,800 shares, compared to its average volume of 120,180. PriceSmart, Inc. has a fifty-two week low of $78.00 and a fifty-two week high of $94.00. The company has a current ratio of 1.40, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2,441.17, a PE ratio of 26.95 and a beta of 1.33.
PriceSmart (NASDAQ:PSMT) last issued its earnings results on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The firm had revenue of $733.50 million during the quarter, compared to analyst estimates of $733.64 million. During the same period in the previous year, the company earned $0.74 EPS. PriceSmart’s revenue for the quarter was up 3.2% on a year-over-year basis. equities analysts forecast that PriceSmart, Inc. will post 3.2 earnings per share for the current fiscal year.
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Several analysts recently weighed in on PSMT shares. TheStreet upgraded PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Roth Capital restated a “buy” rating and set a $100.00 price objective on shares of PriceSmart in a research report on Monday, October 2nd. Zacks Investment Research upgraded PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Ifs Securities initiated coverage on PriceSmart in a report on Monday, September 25th. They issued a “market perform” rating and a $85.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.50.
Institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. increased its holdings in PriceSmart by 18.5% in the 2nd quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock worth $124,000 after purchasing an additional 220 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in PriceSmart by 16.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock worth $128,000 after purchasing an additional 206 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in PriceSmart by 12.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock worth $170,000 after purchasing an additional 210 shares in the last quarter. Victory Capital Management Inc. increased its holdings in PriceSmart by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock worth $172,000 after purchasing an additional 295 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in PriceSmart by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock worth $213,000 after purchasing an additional 39 shares in the last quarter. 73.68% of the stock is owned by institutional investors and hedge funds.
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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