PriceSmart, Inc. (NASDAQ:PSMT – Get Rating) major shareholder Philanthropies Foundatio Price sold 10,000 shares of the company's stock in a transaction on Monday, September 12th. The stock was sold at an average price of $63.72, for a total value of $637,200.00. Following the sale, the insider now owns 3,203,755 shares of the company's stock, valued at $204,143,268.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Philanthropies Foundatio Price also recently made the following trade(s):
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- On Wednesday, June 22nd, Philanthropies Foundatio Price sold 6,800 shares of PriceSmart stock. The stock was sold at an average price of $71.06, for a total value of $483,208.00.
PriceSmart Stock Down 4.0 %
NASDAQ PSMT traded down $2.53 during trading hours on Tuesday, hitting $61.31. The company had a trading volume of 179,562 shares, compared to its average volume of 127,450. PriceSmart, Inc. has a fifty-two week low of $60.83 and a fifty-two week high of $88.30. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 18.80 and a beta of 0.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.30 and a quick ratio of 0.50. The firm's 50 day moving average is $65.80 and its 200 day moving average is $73.23.
PriceSmart (NASDAQ:PSMT – Get Rating) last announced its quarterly earnings results on Monday, July 11th. The company reported $0.62 earnings per share (EPS) for the quarter. PriceSmart had a return on equity of 10.65% and a net
margin of 2.55%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $951.87 million. During the same period in the prior year, the firm earned $0.73 EPS. The firm's quarterly revenue was up 15.1% compared to the same quarter last year.
Analysts Set New Price Targets
Separately, StockNews.com upgraded PriceSmart from a "hold" rating to a "buy" rating in a report on Tuesday, July 19th.
Institutional Trading of PriceSmart
Large investors have recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new position in PriceSmart in the 1st quarter valued at about $397,000. Robotti Robert boosted its position in PriceSmart by 18.0% in the 1st quarter. Robotti Robert now owns 6,553 shares of the company's stock valued at $517,000 after buying an additional 1,000 shares during the last quarter. HM Payson & Co. boosted its position in PriceSmart by 89.6% in the 1st quarter. HM Payson & Co. now owns 853 shares of the company's stock valued at $67,000 after buying an additional 403 shares during the last quarter. Trail Ridge Investment Advisors LLC purchased a new position in PriceSmart in the 4th quarter valued at about $228,000. Finally, Geode Capital Management LLC boosted its position in PriceSmart by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 440,199 shares of the company's stock valued at $32,209,000 after buying an additional 12,975 shares during the last quarter. 80.08% of the stock is currently owned by institutional investors and hedge funds.
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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