PriceSmart (NASDAQ:PSMT) Director Sherry Bahrambeygui Sells 1,000 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $192.66, for a total transaction of $192,660.00. Following the sale, the director owned 36,649 shares in the company, valued at $7,060,796.34. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

PriceSmart Stock Down 0.1%

PriceSmart stock opened at $192.39 on Friday. The company has a 50 day moving average of $183.80 and a 200-day moving average of $163.01. The company has a quick ratio of 0.53, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a twelve month low of $105.46 and a twelve month high of $199.84. The stock has a market capitalization of $5.94 billion, a PE ratio of 36.93 and a beta of 0.76.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, July 8th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PriceSmart currently has an average rating of “Buy”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System grew its stake in PriceSmart by 2.0% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,699 shares of the company’s stock valued at $454,000 after purchasing an additional 73 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of PriceSmart by 14.3% in the 4th quarter. Parallel Advisors LLC now owns 590 shares of the company’s stock valued at $72,000 after buying an additional 74 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of PriceSmart by 10.9% in the second quarter. Smartleaf Asset Management LLC now owns 946 shares of the company’s stock valued at $101,000 after buying an additional 93 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of PriceSmart by 15.1% in the fourth quarter. Hantz Financial Services Inc. now owns 745 shares of the company’s stock valued at $91,000 after buying an additional 98 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in PriceSmart by 76.0% during the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

About PriceSmart

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.