PriceSmart, Inc. (NASDAQ:PSMT) Director Leon C. Janks Sells 3,000 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Leon C. Janks sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $101.78, for a total value of $305,340.00. Following the completion of the sale, the director now owns 33,734 shares of the company’s stock, valued at approximately $3,433,446.52. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

PriceSmart Trading Up 2.0%

PSMT stock opened at $103.46 on Friday. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $108.01. The company has a market cap of $3.18 billion, a P/E ratio of 22.79 and a beta of 0.75. The business has a fifty day moving average of $92.36 and a 200-day moving average of $91.29.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.06). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business earned $1.31 earnings per share. PriceSmart’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Monday, March 10th.

Institutional Investors Weigh In On PriceSmart

A number of institutional investors and hedge funds have recently modified their holdings of PSMT. AQR Capital Management LLC raised its position in shares of PriceSmart by 10.4% during the 1st quarter. AQR Capital Management LLC now owns 68,610 shares of the company’s stock valued at $6,027,000 after acquiring an additional 6,486 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of PriceSmart by 124.2% during the 1st quarter. Advisors Asset Management Inc. now owns 668 shares of the company’s stock worth $59,000 after buying an additional 370 shares during the period. Dark Forest Capital Management LP grew its position in shares of PriceSmart by 665.0% during the 1st quarter. Dark Forest Capital Management LP now owns 38,711 shares of the company’s stock worth $3,401,000 after buying an additional 33,651 shares during the period. Quarry LP bought a new stake in shares of PriceSmart in the 1st quarter valued at about $49,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of PriceSmart in the 1st quarter valued at approximately $450,000. 80.46% of the stock is owned by institutional investors.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.