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

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 3,499 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $197.38, for a total transaction of $690,632.62. Following the completion of the transaction, the director owned 32,150 shares in the company, valued at approximately $6,345,767. This trade represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

PriceSmart Stock Performance

PriceSmart stock traded down $1.44 during midday trading on Tuesday, hitting $195.69. 47,734 shares of the company were exchanged, compared to its average volume of 253,300. The business has a fifty day simple moving average of $185.04 and a two-hundred day simple moving average of $163.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.53 and a current ratio of 1.28. The firm has a market capitalization of $6.04 billion, a PE ratio of 37.52 and a beta of 0.76. PriceSmart, Inc. has a fifty-two week low of $105.46 and a fifty-two week high of $199.84.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On PriceSmart

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in PriceSmart by 124.2% during the first quarter. Advisors Asset Management Inc. now owns 668 shares of the company’s stock worth $59,000 after purchasing an additional 370 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PriceSmart by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,917 shares of the company’s stock valued at $1,310,000 after buying an additional 648 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of PriceSmart by 41.7% in the first quarter. Goldman Sachs Group Inc. now owns 182,919 shares of the company’s stock valued at $16,069,000 after buying an additional 53,874 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of PriceSmart by 12.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,642 shares of the company’s stock valued at $6,206,000 after buying an additional 7,717 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of PriceSmart by 34.7% during the 1st quarter. Intech Investment Management LLC now owns 18,673 shares of the company’s stock worth $1,640,000 after buying an additional 4,806 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

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.