PriceSmart, Inc. (NASDAQ:PSMT) COO William J. Naylon sold 2,400 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $80.05, for a total transaction of $192,120.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of PriceSmart, Inc. (NASDAQ:PSMT) traded up $0.50 during trading hours on Friday, hitting $81.75. 109,201 shares of the company traded hands, compared to its average volume of 123,286. 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 stock has a market cap of $2,500.00, a P/E ratio of 26.95 and a beta of 1.33. PriceSmart, Inc. has a fifty-two week low of $78.00 and a fifty-two week high of $94.00.
PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.09). The firm had revenue of $733.50 million during the quarter, compared to analysts’ expectations of $733.64 million. PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. sell-side analysts predict that PriceSmart, Inc. will post 3.2 EPS for the current year.
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Several equities research analysts recently commented on the stock. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Roth Capital restated a “buy” rating and issued a $100.00 price target on shares of PriceSmart in a research report on Monday, October 2nd. Ifs Securities assumed coverage on shares of PriceSmart in a research report on Monday, September 25th. They issued a “market perform” rating and a $85.00 price target for the company. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. PriceSmart presently has a consensus rating of “Hold” and a consensus price target of $92.50.
Several large investors have recently modified their holdings of PSMT. BlackRock Inc. lifted its position in shares of PriceSmart by 76,229.7% in the 1st quarter. BlackRock Inc. now owns 1,286,919 shares of the company’s stock valued at $118,654,000 after acquiring an additional 1,285,233 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in PriceSmart by 9.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock valued at $134,887,000 after buying an additional 132,555 shares during the period. Brown Advisory Inc. increased its stake in PriceSmart by 48.8% in the 3rd quarter. Brown Advisory Inc. now owns 302,536 shares of the company’s stock valued at $27,001,000 after buying an additional 99,167 shares during the period. Renaissance Technologies LLC increased its stake in PriceSmart by 8.9% in the 2nd quarter. Renaissance Technologies LLC now owns 614,100 shares of the company’s stock valued at $53,795,000 after buying an additional 50,300 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in PriceSmart by 105.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 79,557 shares of the company’s stock valued at $7,100,000 after buying an additional 40,877 shares during the period. Institutional investors and hedge funds own 73.68% of the company’s stock.
PriceSmart Company Profile
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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