PriceSmart (NASDAQ:PSMT) Director Beatriz Infante Sells 800 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Beatriz Infante sold 800 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $195.98, for a total transaction of $156,784.00. Following the completion of the sale, the director owned 11,210 shares in the company, valued at $2,196,935.80. This represents a 6.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PriceSmart Stock Up 1.8%

Shares of PSMT opened at $194.56 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.53 and a current ratio of 1.28. PriceSmart, Inc. has a 52 week low of $103.84 and a 52 week high of $199.84. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 37.34 and a beta of 0.76. The stock has a fifty day moving average of $177.12 and a 200-day moving average of $157.80.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). The firm had revenue of $1.48 billion during 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%.PriceSmart’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of 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, Based on data from MarketBeat, PriceSmart presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PSMT. Geneos Wealth Management Inc. increased its stake in shares of PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after buying an additional 252 shares during the period. UMB Bank n.a. lifted its stake in shares of PriceSmart by 76.0% in the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after acquiring an additional 98 shares during the period. CENTRAL TRUST Co bought a new stake in PriceSmart in the fourth quarter valued at approximately $32,000. Osaic Holdings Inc. boosted its holdings 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. Finally, Caitong International Asset Management Co. Ltd increased its position in PriceSmart by 45,600.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock valued at $56,000 after purchasing an additional 456 shares during the period. 80.46% of the stock is owned by 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.