Insider Selling: PriceSmart (NASDAQ:PSMT) Director Sells $194,460.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $194.46, for a total transaction of $194,460.00. Following the transaction, the director owned 35,649 shares of the company’s stock, valued at $6,932,304.54. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PriceSmart Stock Down 0.6%

Shares of PriceSmart stock traded down $1.16 during trading on Tuesday, hitting $195.97. 68,668 shares of the stock were exchanged, compared to its average volume of 253,439. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 0.53. The firm’s 50-day moving average price is $185.04 and its 200 day moving average price is $163.85. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 37.60 and a beta of 0.76. PriceSmart, Inc. has a 12-month low of $105.46 and a 12-month high of $199.84.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, July 8th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.04). PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company earned $1.14 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Comerica Bank increased its holdings in shares of PriceSmart by 77.2% in the 4th quarter. Comerica Bank now owns 33,224 shares of the company’s stock valued at $4,076,000 after acquiring an additional 14,475 shares during the period. Calamos Advisors LLC acquired a new stake in PriceSmart during the 1st quarter worth $4,165,000. Truist Financial Corp purchased a new position in PriceSmart during the 4th quarter worth $4,393,000. Aubrey Capital Management Ltd purchased a new position in PriceSmart during the 1st quarter worth $2,002,000. Finally, Fifth Third Bancorp increased its stake in PriceSmart by 5,913.3% in the first quarter. Fifth Third Bancorp now owns 28,984 shares of the company’s stock valued at $4,362,000 after purchasing an additional 28,502 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Company Profile

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.