PriceSmart, Inc. (NASDAQ:PSMT) EVP Paul Kovaleski Sells 3,235 Shares

PriceSmart, Inc. (NASDAQ:PSMT) EVP Paul Kovaleski sold 3,235 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $89.96, for a total transaction of $291,020.60. Following the completion of the transaction, the executive vice president now owns 44,309 shares in the company, valued at approximately $3,986,037.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PriceSmart Stock Down 1.6 %

Shares of NASDAQ PSMT traded down $1.44 during trading on Thursday, hitting $88.07. 39,531 shares of the company traded hands, compared to its average volume of 150,261. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.22. The business’s fifty day moving average is $89.89 and its 200 day moving average is $86.11. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.59 and a beta of 0.85. PriceSmart, Inc. has a fifty-two week low of $66.79 and a fifty-two week high of $94.82.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.07). PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PriceSmart

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in PriceSmart by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company’s stock worth $287,671,000 after purchasing an additional 105,405 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in PriceSmart by 1.2% during the second quarter. EdgePoint Investment Group Inc. now owns 2,744,726 shares of the company’s stock worth $222,872,000 after purchasing an additional 31,263 shares during the last quarter. Dimensional Fund Advisors LP grew its position in PriceSmart by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,309,265 shares of the company’s stock worth $106,311,000 after purchasing an additional 35,390 shares in the last quarter. FMR LLC increased its stake in PriceSmart by 5.9% in the 3rd quarter. FMR LLC now owns 1,182,739 shares of the company’s stock valued at $108,552,000 after buying an additional 65,492 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of PriceSmart by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock worth $88,175,000 after buying an additional 184,252 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

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.