PriceSmart, Inc. (NASDAQ:PSMT) EVP Rodrigo Calvo sold 2,566 shares of PriceSmart stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $82.00, for a total transaction of $210,412.00. Following the sale, the executive vice president now directly owns 18,924 shares in the company, valued at approximately $1,551,768. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
PriceSmart, Inc. (NASDAQ:PSMT) opened at $80.25 on Tuesday. The firm has a market cap of $2,430.53, a price-to-earnings ratio of 26.83 and a beta of 1.33. The company has a current ratio of 1.40, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12. PriceSmart, Inc. has a fifty-two week low of $78.00 and a fifty-two week high of $94.00.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.09). PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The business had revenue of $733.50 million during the quarter, compared to analyst estimates of $733.64 million. During the same period last year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. sell-side analysts predict that PriceSmart, Inc. will post 3.2 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. boosted its holdings in shares of PriceSmart by 18.5% in the 2nd quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock valued at $124,000 after buying an additional 220 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of PriceSmart by 16.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock valued at $128,000 after buying an additional 206 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of PriceSmart by 12.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock valued at $170,000 after buying an additional 210 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of PriceSmart by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock valued at $172,000 after buying an additional 295 shares during the period. Finally, Advisor Group Inc. boosted its holdings in shares of PriceSmart by 1.6% in the 2nd quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock valued at $213,000 after buying an additional 39 shares during the period. 73.68% of the stock is owned by institutional investors and hedge funds.
PSMT has been the subject of several recent analyst reports. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Roth Capital set a $102.00 price objective on shares of PriceSmart and gave the stock a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Ifs Securities initiated coverage on shares of PriceSmart in a report on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective for the company. Finally, TheStreet raised shares of PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $92.50.
PriceSmart Company Profile
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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