Insider Selling: PriceSmart (NASDAQ:PSMT) Director Sells $192,660.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry Bahrambeygui sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $192.66, for a total transaction of $192,660.00. Following the sale, the director owned 36,649 shares of the company’s stock, valued at approximately $7,060,796.34. The trade was a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

PriceSmart Stock Performance

PriceSmart stock traded down $0.74 during trading on Thursday, hitting $191.82. The stock had a trading volume of 24,182 shares, compared to its average volume of 253,351. The stock’s 50 day moving average is $183.25 and its two-hundred day moving average is $162.61. PriceSmart, Inc. has a 1 year low of $105.46 and a 1 year high of $199.84. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 36.82 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.28 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). The firm 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 business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share.

Hedge Funds Weigh In On PriceSmart

A number of large investors have recently modified their holdings of the company. UMB Bank n.a. increased its holdings in shares of PriceSmart by 76.0% in the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after purchasing an additional 98 shares during the period. CENTRAL TRUST Co bought a new position in PriceSmart in the 4th quarter worth about $32,000. Geneos Wealth Management Inc. raised its holdings in shares of PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after acquiring an additional 252 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of PriceSmart by 45,600.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock valued at $56,000 after acquiring an additional 456 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of PriceSmart by 57.2% during the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock worth $52,000 after purchasing an additional 179 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, PriceSmart has an average rating of “Buy”.

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.