PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E. Price sold 8,012 shares of the stock in a transaction on Monday, June 21st. The shares were sold at an average price of $88.71, for a total transaction of $710,744.52. Following the transaction, the director now owns 80 shares in the company, valued at $7,096.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
NASDAQ PSMT opened at $88.48 on Thursday. PriceSmart, Inc. has a 12 month low of $57.82 and a 12 month high of $104.90. The company has a quick ratio of 0.61, a current ratio of 1.29 and a debt-to-equity ratio of 0.12. The company has a market cap of $2.72 billion, a P/E ratio of 30.72 and a beta of 0.82. The company’s fifty day moving average is $88.22.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, April 8th. The company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.14). PriceSmart had a net margin of 2.59% and a return on equity of 10.46%. The company had revenue of $937.60 million for the quarter, compared to the consensus estimate of $938.35 million. During the same quarter last year, the company earned $0.85 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year.
Several large investors have recently modified their holdings of PSMT. First Trust Advisors LP raised its holdings in shares of PriceSmart by 137.9% during the first quarter. First Trust Advisors LP now owns 13,080 shares of the company’s stock worth $770,000 after purchasing an additional 7,583 shares during the period. Ironwood Wealth Management LLC. acquired a new stake in shares of PriceSmart during the fourth quarter worth $159,000. Victory Capital Management Inc. raised its holdings in shares of PriceSmart by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,797 shares of the company’s stock worth $528,000 after purchasing an additional 167 shares during the period. California Public Employees Retirement System raised its holdings in shares of PriceSmart by 2.3% during the fourth quarter. California Public Employees Retirement System now owns 52,920 shares of the company’s stock worth $4,820,000 after purchasing an additional 1,204 shares during the period. Finally, Aperio Group LLC raised its holdings in shares of PriceSmart by 7.2% during the fourth quarter. Aperio Group LLC now owns 27,157 shares of the company’s stock worth $2,474,000 after purchasing an additional 1,818 shares during the period. 76.51% of the stock is currently owned by institutional investors.
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 sell brand name and private label consumer products and provide services, such as optical and tires to individuals and businesses. As of February 03, 2021, the company operated 47 warehouse clubs in 12 countries and one U.S.
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