PriceSmart (NASDAQ:PSMT) Director Sherry Bahrambeygui Sells 1,100 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 1,100 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.29, for a total value of $211,519.00. Following the sale, the director owned 37,649 shares in the company, valued at approximately $7,239,526.21. The trade was a 2.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PriceSmart Price Performance

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

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

Hedge Funds Weigh In On PriceSmart

Several institutional investors and hedge funds have recently bought and sold shares of the business. Maryland State Retirement & Pension System boosted its position in shares of 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 acquiring an additional 73 shares during the period. Parallel Advisors LLC increased its stake in PriceSmart by 14.3% during the fourth quarter. Parallel Advisors LLC now owns 590 shares of the company’s stock valued at $72,000 after acquiring an additional 74 shares during the period. Smartleaf Asset Management LLC increased its stake in PriceSmart by 10.9% during the second quarter. Smartleaf Asset Management LLC now owns 946 shares of the company’s stock valued at $101,000 after acquiring an additional 93 shares during the period. Hantz Financial Services Inc. raised its holdings in PriceSmart by 15.1% in the 4th quarter. Hantz Financial Services Inc. now owns 745 shares of the company’s stock valued at $91,000 after acquiring an additional 98 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in 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 acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

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

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.