PriceSmart’s (NASDAQ:PSMT) same store sales increased by 0.9% during the month of September. PriceSmart’s stock fell by 0.3% in the first day of trading following the news.
Several equities analysts recently commented on the stock. ValuEngine lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Saturday, August 24th. Finally, Scotiabank raised shares of PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $61.70 price objective for the company in a research report on Wednesday, July 17th.
In related news, Director Robert E. Price sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $56.32, for a total value of $563,200.00. Following the completion of the transaction, the director now directly owns 4,339,455 shares of the company’s stock, valued at approximately $244,398,105.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 60,000 shares of company stock valued at $3,740,900 over the last ninety days. 27.10% of the stock is currently owned by insiders.
Shares of PriceSmart stock opened at $71.50 on Tuesday. The firm has a market capitalization of $2.13 billion, a P/E ratio of 29.42 and a beta of 1.00. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $67.21 and a 200 day moving average price of $59.36. PriceSmart has a 52 week low of $48.06 and a 52 week high of $75.23.
A number of institutional investors and hedge funds have recently bought and sold shares of PSMT. Point72 Asset Management L.P. purchased a new position in PriceSmart during the 2nd quarter worth approximately $26,000. Private Capital Group LLC raised its position in PriceSmart by 142.5% during the 2nd quarter. Private Capital Group LLC now owns 308 shares of the company’s stock worth $28,000 after buying an additional 181 shares during the last quarter. Quantamental Technologies LLC raised its position in PriceSmart by 39,000.0% during the 2nd quarter. Quantamental Technologies LLC now owns 1,173 shares of the company’s stock worth $60,000 after buying an additional 1,170 shares during the last quarter. Tower Research Capital LLC TRC raised its position in PriceSmart by 112.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,282 shares of the company’s stock worth $66,000 after buying an additional 679 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in PriceSmart by 10.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,103 shares of the company’s stock worth $108,000 after buying an additional 202 shares during the last quarter. 72.64% of the stock is owned by institutional investors.
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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