PriceSmart, Inc. (NASDAQ:PSMT) COO William J. Naylon sold 3,975 shares of the business’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $88.91, for a total value of $353,417.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
PSMT traded up $1.20 on Monday, reaching $90.15. 108,422 shares of the stock were exchanged, compared to its average volume of 191,011. PriceSmart, Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $93.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.54 and a current ratio of 1.42. The stock has a market cap of $2,705.73, a P/E ratio of 30.32 and a beta of 1.21.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Thursday, April 5th. The company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.30. PriceSmart had a return on equity of 12.29% and a net margin of 2.45%. The company had revenue of $839.56 million during the quarter, compared to analysts’ expectations of $832.43 million. During the same quarter in the previous year, the firm posted $0.90 EPS. analysts predict that PriceSmart, Inc. will post 3.2 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a yield of 0.8%. PriceSmart’s dividend payout ratio is currently 23.49%.
A number of brokerages have commented on PSMT. Zacks Investment Research cut PriceSmart from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of PriceSmart in a research report on Friday, January 5th. Howard Weil cut PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 5th. Scotiabank cut PriceSmart to a “hold” rating and set a $90.00 price target for the company. in a research report on Friday, January 5th. Finally, BidaskClub raised PriceSmart from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. PriceSmart has an average rating of “Hold” and an average price target of $92.50.
Institutional investors and hedge funds have recently modified their holdings of the business. Genesis Asset Managers LLP lifted its holdings in shares of PriceSmart by 25.2% in the 4th quarter. Genesis Asset Managers LLP now owns 1,135,665 shares of the company’s stock valued at $97,781,000 after buying an additional 228,715 shares during the period. Brown Advisory Inc. lifted its holdings in shares of PriceSmart by 15.8% in the 4th quarter. Brown Advisory Inc. now owns 350,272 shares of the company’s stock valued at $30,159,000 after buying an additional 47,736 shares during the period. Lombard Odier Asset Management Switzerland SA lifted its holdings in shares of PriceSmart by 14.1% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 278,200 shares of the company’s stock valued at $23,953,000 after buying an additional 34,400 shares during the period. Deutsche Bank AG lifted its holdings in shares of PriceSmart by 129.7% in the 4th quarter. Deutsche Bank AG now owns 52,441 shares of the company’s stock valued at $4,513,000 after buying an additional 29,609 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PriceSmart by 21.5% in the 4th quarter. Bank of New York Mellon Corp now owns 133,637 shares of the company’s stock valued at $11,507,000 after buying an additional 23,615 shares during the period. 77.97% of the stock is owned by institutional investors.
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PriceSmart Company Profile
PriceSmart, Inc owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. As of October 26, 2017, it operated 40 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 in Trinidad; 3 each in Guatemala, Honduras, and the Dominican Republic; 2 in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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