PriceSmart, Inc. (NASDAQ:PSMT – Get Rating) Director Robert E. Price sold 10,000 shares of the business's stock in a transaction on Monday, August 29th. The stock was sold at an average price of $64.28, for a total value of $642,800.00. Following the transaction, the director now owns 606,033 shares of the company's stock, valued at approximately $38,955,801.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
PriceSmart Trading Up 0.3 %
Shares of PriceSmart stock traded up $0.18 on Wednesday, reaching $64.05. 1,216 shares of the company were exchanged, compared to its average volume of 122,987. The stock has a fifty day moving average price of $67.44 and a 200-day moving average price of $73.76. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 19.67 and a beta of 0.70. PriceSmart, Inc. has a fifty-two week low of $63.14 and a fifty-two week high of $88.30. The company has a current ratio of 1.30, a quick ratio of 0.50 and a debt-to-equity ratio of 0.11.
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PriceSmart (NASDAQ:PSMT – Get Rating) last posted its quarterly earnings data on Monday, July 11th. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $951.87 million. PriceSmart had a net margin of 2.55% and a return on equity of 10.65%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS.
Institutional Investors Weigh In On PriceSmart
Institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its holdings in shares of PriceSmart by 421.3% during the first quarter. Quadrant Capital Group LLC now owns 391 shares of the company's stock worth $31,000 after purchasing an additional 316 shares during the period. Signaturefd LLC boosted its stake in shares of PriceSmart by 463.9% during the 1st quarter. Signaturefd LLC now owns 406 shares of the company's stock valued at $32,000 after buying an additional 334 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of PriceSmart during the 1st quarter valued at $37,000. Steward Partners Investment Advisory LLC raised its holdings in shares of PriceSmart by 43.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 862 shares of the company's stock worth $63,000 after acquiring an additional 260 shares in the last quarter. Finally, HM Payson & Co. boosted its position in PriceSmart by 89.6% during the first quarter. HM Payson & Co. now owns 853 shares of the company's stock valued at $67,000 after purchasing an additional 403 shares during the last quarter. 80.08% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research note on Tuesday, July 19th.
PriceSmart Company Profile
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PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products, essential goods, fresh produce, prepared foods, and fresh-baked goods, as well as provides services, such as optical, tire center, and other ancillary services.
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