PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $85.87, for a total value of $858,700.00. Following the transaction, the director now directly owns 80 shares in the company, valued at approximately $6,869.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ:PSMT traded up $0.90 during mid-day trading on Thursday, hitting $87.60. 2,249 shares of the company traded hands, compared to its average volume of 98,860. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 29.18 and a beta of 1.16. The company has a quick ratio of 0.49, a current ratio of 1.36 and a debt-to-equity ratio of 0.12. PriceSmart, Inc. has a 12-month low of $77.30 and a 12-month high of $94.45.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, July 5th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.08). The company had revenue of $782.20 million for the quarter, compared to analysts’ expectations of $787.19 million. PriceSmart had a net margin of 2.41% and a return on equity of 12.01%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. equities research analysts expect that PriceSmart, Inc. will post 3.01 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the business. Zebra Capital Management LLC purchased a new position in PriceSmart in the second quarter worth $458,000. Tower Research Capital LLC TRC purchased a new position in PriceSmart in the second quarter worth $236,000. Bank of America Corp DE boosted its position in PriceSmart by 21.2% in the second quarter. Bank of America Corp DE now owns 107,997 shares of the company’s stock worth $9,774,000 after purchasing an additional 18,874 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in PriceSmart in the second quarter worth $350,000. Finally, Raymond James & Associates boosted its position in PriceSmart by 1.6% in the second quarter. Raymond James & Associates now owns 70,008 shares of the company’s stock worth $6,336,000 after purchasing an additional 1,091 shares during the last quarter. 77.52% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the company. BidaskClub raised PriceSmart from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research raised PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, June 5th. ValuEngine raised PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. TheStreet cut PriceSmart from a “b-” rating to a “c+” rating in a research report on Thursday, August 2nd. Finally, Scotiabank set a $86.00 target price on PriceSmart and gave the company a “hold” rating in a research report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. PriceSmart has an average rating of “Hold” and an average price target of $91.50.
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 May 7, 2017, it operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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