PriceSmart’s (NASDAQ:PSMT) same store sales rose 2.9% during the month of March. PriceSmart’s shares dropped by 7.3% in the first full-day of trading following the report.
A number of equities analysts recently commented on the company. Roth Capital set a $102.00 target price on PriceSmart and gave the company a “buy” rating in a report on Saturday, April 1st. Zacks Investment Research downgraded PriceSmart from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd.
In other news, EVP Laura Santana sold 1,100 shares of the stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $86.77, for a total value of $95,447.00. Following the sale, the executive vice president now directly owns 17,604 shares of the company’s stock, valued at $1,527,499.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Hildebrandt sold 1,321 shares of the stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $83.56, for a total value of $110,382.76. Following the sale, the executive vice president now directly owns 19,459 shares in the company, valued at $1,625,994.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,893 shares of company stock valued at $1,442,930. 28.00% of the stock is owned by corporate insiders.
PriceSmart (NASDAQ:PSMT) traded down 0.74% during midday trading on Friday, hitting $87.30. The company had a trading volume of 17,101 shares. The stock has a 50 day moving average price of $89.46 and a 200-day moving average price of $87.86. The stock has a market capitalization of $2.62 billion, a PE ratio of 29.16 and a beta of 1.31. PriceSmart has a 52 week low of $75.80 and a 52 week high of $94.86.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.35 dividend. This represents a yield of 0.82%. The ex-dividend date of this dividend is Friday, August 11th. PriceSmart’s dividend payout ratio is presently 23.65%.
Large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of PriceSmart by 4.8% in the first quarter. Bank of Montreal Can now owns 910,818 shares of the company’s stock worth $83,978,000 after buying an additional 41,599 shares in the last quarter. Creative Planning raised its stake in shares of PriceSmart by 166.1% in the first quarter. Creative Planning now owns 1,823 shares of the company’s stock worth $168,000 after buying an additional 1,138 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of PriceSmart during the fourth quarter worth $374,000. Teachers Advisors LLC raised its stake in shares of PriceSmart by 6.4% in the fourth quarter. Teachers Advisors LLC now owns 43,047 shares of the company’s stock worth $3,594,000 after buying an additional 2,593 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of PriceSmart by 1.5% in the fourth quarter. Perigon Wealth Management LLC now owns 10,728 shares of the company’s stock worth $944,000 after buying an additional 161 shares in the last quarter. 73.84% of the stock is currently owned by institutional investors.
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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