Chong Jesus Von Sells 1,580 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Chong Jesus Von sold 1,580 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $76.35, for a total transaction of $120,633.00. Following the completion of the sale, the executive vice president now owns 24,580 shares in the company, valued at approximately $1,876,683. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of PriceSmart stock traded down $1.59 during trading on Friday, reaching $75.00. The company had a trading volume of 135,200 shares, compared to its average volume of 199,940. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 26.88 and a beta of 1.00. The firm’s fifty day moving average is $69.63 and its 200-day moving average is $60.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.39 and a current ratio of 1.21. PriceSmart, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $79.90.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Tuesday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. The business had revenue of $801.30 million for the quarter, compared to analyst estimates of $812.34 million. PriceSmart had a net margin of 2.27% and a return on equity of 10.91%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 EPS.

PSMT has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a research note on Tuesday, October 29th. ValuEngine lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Scotiabank upgraded shares of PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $61.70 target price on the stock in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $64.85.

Institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new stake in PriceSmart during the second quarter worth about $26,000. Private Capital Group LLC raised its stake in PriceSmart by 142.5% during the second quarter. Private Capital Group LLC now owns 308 shares of the company’s stock worth $28,000 after acquiring an additional 181 shares during the period. LS Investment Advisors LLC acquired a new stake in PriceSmart during the third quarter worth about $51,000. Quantamental Technologies LLC raised its stake in PriceSmart by 39,000.0% during the second quarter. Quantamental Technologies LLC now owns 1,173 shares of the company’s stock worth $60,000 after acquiring an additional 1,170 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in PriceSmart by 112.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,282 shares of the company’s stock worth $66,000 after acquiring an additional 679 shares during the period. Institutional investors and hedge funds own 72.78% of the company’s stock.

PriceSmart Company Profile

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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