Sherry Bahrambeygui Sells 3,499 Shares of PriceSmart (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 3,499 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $197.38, for a total transaction of $690,632.62. Following the transaction, the director directly owned 32,150 shares in the company, valued at approximately $6,345,767. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

PriceSmart Stock Performance

Shares of NASDAQ:PSMT opened at $186.56 on Thursday. PriceSmart, Inc. has a 12-month low of $105.46 and a 12-month high of $199.84. The company’s 50 day moving average price is $185.90 and its two-hundred day moving average price is $164.54. The firm has a market cap of $5.76 billion, a PE ratio of 35.81 and a beta of 0.76. 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 (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of PriceSmart by 76.0% in the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock valued at $28,000 after purchasing an additional 98 shares in the last quarter. CENTRAL TRUST Co acquired a new position in shares of PriceSmart during the 4th quarter worth $32,000. Geneos Wealth Management Inc. lifted its position in shares of PriceSmart by 560.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after buying an additional 252 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in PriceSmart by 45,600.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock valued at $56,000 after buying an additional 456 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after acquiring an additional 179 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

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.