PriceSmart, Inc. (PSMT) Director Sells $692,100.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E. Price sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the director now directly owns 80 shares of the company’s stock, valued at $5,536.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PSMT stock opened at $69.61 on Monday. PriceSmart, Inc. has a 52-week low of $67.02 and a 52-week high of $94.45. The company has a current ratio of 1.40, a quick ratio of 0.48 and a debt-to-equity ratio of 0.12. The company has a market cap of $2.12 billion, a PE ratio of 28.65 and a beta of 1.09.

Several hedge funds have recently added to or reduced their stakes in PSMT. UBS Group AG raised its holdings in shares of PriceSmart by 14.2% during the first quarter. UBS Group AG now owns 26,727 shares of the company’s stock valued at $2,233,000 after acquiring an additional 3,326 shares during the period. Xact Kapitalforvaltning AB raised its holdings in shares of PriceSmart by 56.0% during the first quarter. Xact Kapitalforvaltning AB now owns 4,458 shares of the company’s stock valued at $372,000 after acquiring an additional 1,600 shares during the period. Baillie Gifford & Co. raised its holdings in shares of PriceSmart by 5.7% during the second quarter. Baillie Gifford & Co. now owns 1,243,380 shares of the company’s stock valued at $112,526,000 after acquiring an additional 67,169 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of PriceSmart by 4,000.0% during the second quarter. Nisa Investment Advisors LLC now owns 4,100 shares of the company’s stock valued at $371,000 after acquiring an additional 4,000 shares during the period. Finally, Aperio Group LLC raised its holdings in shares of PriceSmart by 41.3% during the second quarter. Aperio Group LLC now owns 4,987 shares of the company’s stock valued at $451,000 after acquiring an additional 1,458 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

Several research firms recently commented on PSMT. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Zacks Investment Research raised shares of PriceSmart from a “strong sell” rating to a “hold” rating in a research note on Monday, September 10th. TheStreet lowered shares of PriceSmart from a “b-” rating to a “c+” rating in a research note on Thursday, August 2nd. ValuEngine raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Scotiabank set a $86.00 target price on shares of PriceSmart and gave the company a “hold” rating in a research note on Wednesday, July 11th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. PriceSmart presently has an average rating of “Hold” and an average price target of $90.50.

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 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Insider Buying and Selling by Quarter for PriceSmart (NASDAQ:PSMT)

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