PriceSmart, Inc. (NASDAQ:PSMT) COO William J. Naylon sold 3,975 shares of the stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $88.91, for a total transaction of $353,417.25. Following the sale, the chief operating officer now directly owns 37,898 shares of the company’s stock, valued at approximately $3,369,511.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ:PSMT opened at $90.15 on Tuesday. PriceSmart, Inc. has a 52 week low of $77.50 and a 52 week high of $93.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.42 and a quick ratio of 0.54. The company has a market cap of $2,705.73, a P/E ratio of 30.25 and a beta of 1.21.
PriceSmart (NASDAQ:PSMT) last posted its earnings results on Thursday, April 5th. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.30. PriceSmart had a net margin of 2.45% and a return on equity of 12.29%. The company had revenue of $839.56 million during the quarter, compared to analysts’ expectations of $832.43 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. equities analysts anticipate that PriceSmart, Inc. will post 3.2 EPS for the current fiscal year.
A number of research firms recently commented on PSMT. Zacks Investment Research cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. BidaskClub raised shares of PriceSmart from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. ValuEngine raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Friday, March 23rd. Finally, Scotiabank reissued a “sector perform” rating and set a $90.00 target price on shares of PriceSmart in a research report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $92.50.
Several hedge funds and other institutional investors have recently bought and sold shares of PSMT. Bank of New York Mellon Corp raised its holdings in shares of PriceSmart by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 110,022 shares of the company’s stock worth $9,820,000 after buying an additional 972 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of PriceSmart by 27.8% in the third quarter. Legal & General Group Plc now owns 9,418 shares of the company’s stock worth $839,000 after buying an additional 2,051 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of PriceSmart by 6.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 149,174 shares of the company’s stock worth $13,314,000 after buying an additional 8,381 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of PriceSmart by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 654,058 shares of the company’s stock worth $58,374,000 after buying an additional 12,039 shares during the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of PriceSmart by 5.5% in the fourth quarter. GW&K Investment Management LLC now owns 330,709 shares of the company’s stock worth $28,474,000 after buying an additional 17,250 shares during the last quarter. 77.97% of the stock is owned by institutional investors and hedge funds.
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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 October 26, 2017, it operated 40 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 in Trinidad; 3 each in Guatemala, Honduras, and the Dominican Republic; 2 in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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