PriceSmart, Inc. (PSMT) EVP Chong Jesus Von Sells 620 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Chong Jesus Von sold 620 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $80.28, for a total value of $49,773.60. Following the sale, the executive vice president now owns 27,001 shares of the company’s stock, valued at $2,167,640.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

PriceSmart, Inc. (PSMT) traded up $0.05 during trading on Wednesday, reaching $80.30. The company’s stock had a trading volume of 135,800 shares, compared to its average volume of 120,377. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.55 and a current ratio of 1.40. PriceSmart, Inc. has a 52 week low of $78.00 and a 52 week high of $94.00. The stock has a market capitalization of $2,439.65, a PE ratio of 26.93 and a beta of 1.33.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). PriceSmart had a net margin of 3.03% and a return on equity of 13.32%. The business had revenue of $733.50 million during the quarter, compared to analysts’ expectations of $733.64 million. During the same quarter last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. equities research analysts predict that PriceSmart, Inc. will post 3.2 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Crawford Investment Counsel Inc. raised its stake in shares of PriceSmart by 4.2% in the second quarter. Crawford Investment Counsel Inc. now owns 133,329 shares of the company’s stock worth $11,680,000 after purchasing an additional 5,320 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of PriceSmart by 10.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 129,088 shares of the company’s stock worth $11,902,000 after purchasing an additional 11,831 shares during the last quarter. BlackRock Inc. raised its stake in shares of PriceSmart by 2.5% in the second quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock worth $115,604,000 after purchasing an additional 32,748 shares during the last quarter. Rhumbline Advisers raised its stake in shares of PriceSmart by 5.4% in the second quarter. Rhumbline Advisers now owns 26,442 shares of the company’s stock worth $2,316,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of PriceSmart by 11.6% in the second quarter. Teachers Advisors LLC now owns 50,591 shares of the company’s stock worth $4,432,000 after purchasing an additional 5,267 shares during the last quarter. Hedge funds and other institutional investors own 73.68% of the company’s stock.

A number of equities research analysts recently weighed in on PSMT shares. TheStreet upgraded PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Roth Capital reiterated a “buy” rating and issued a $100.00 price target on shares of PriceSmart in a research note on Monday, October 2nd. Zacks Investment Research upgraded PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Ifs Securities began coverage on PriceSmart in a research note on Monday, September 25th. They issued a “market perform” rating and a $85.00 price target for the company. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. PriceSmart has an average rating of “Hold” and a consensus target price of $92.50.

PriceSmart Company Profile

PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.

Insider Buying and Selling by Quarter for PriceSmart (NASDAQ:PSMT)

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