PriceSmart (NASDAQ:PSMT) Director Sherry Bahrambeygui Sells 1,000 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 1,000 shares of PriceSmart stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $194.46, for a total value of $194,460.00. Following the sale, the director directly owned 35,649 shares of the company’s stock, valued at $6,932,304.54. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PriceSmart Price Performance

Shares of NASDAQ PSMT opened at $193.37 on Wednesday. The business’s 50 day moving average price is $185.56 and its 200 day moving average price is $164.21. The firm has a market cap of $5.97 billion, a P/E ratio of 37.12 and a beta of 0.76. PriceSmart, Inc. has a 52 week low of $105.46 and a 52 week high of $199.84. The company has a quick ratio of 0.53, a current ratio of 1.28 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.04). PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company posted $1.14 EPS. PriceSmart’s quarterly revenue was up 12.5% compared to the same quarter last year.

Hedge Funds Weigh In On PriceSmart

Institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. boosted its stake in shares of PriceSmart by 76.0% in the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after buying an additional 98 shares during the last quarter. CENTRAL TRUST Co purchased a new position in PriceSmart during the fourth quarter valued at approximately $32,000. Geneos Wealth Management Inc. raised its position in PriceSmart by 560.0% during the first 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. Caitong International Asset Management Co. Ltd raised its position in PriceSmart by 45,600.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock valued at $56,000 after acquiring an additional 456 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after acquiring an additional 179 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, PriceSmart has a consensus rating of “Buy”.

About PriceSmart

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.