Philanthropies Foundatio Price Sells 10,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) major shareholder Philanthropies Foundatio Price sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $73.56, for a total transaction of $735,600.00. Following the sale, the insider now directly owns 4,251,955 shares in the company, valued at approximately $312,773,809.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Philanthropies Foundatio Price also recently made the following trade(s):

  • On Friday, November 15th, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The stock was sold at an average price of $72.77, for a total transaction of $727,700.00.
  • On Friday, November 1st, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $74.84, for a total transaction of $748,400.00.
  • On Tuesday, October 1st, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $69.74, for a total transaction of $697,400.00.
  • On Monday, September 16th, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $63.90, for a total transaction of $639,000.00.

Shares of NASDAQ PSMT traded down $0.70 during trading on Tuesday, hitting $72.98. 152,400 shares of the company traded hands, compared to its average volume of 195,749. PriceSmart, Inc. has a 1 year low of $48.06 and a 1 year high of $79.90. The company has a 50-day moving average price of $72.54 and a 200-day moving average price of $61.89. The firm has a market capitalization of $2.28 billion, a P/E ratio of 26.79 and a beta of 0.97. The company has a quick ratio of 0.39, a current ratio of 1.21 and a debt-to-equity ratio of 0.08.

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

PSMT has been the topic of a number of recent research reports. ValuEngine lowered PriceSmart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. BidaskClub cut PriceSmart from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Finally, TheStreet raised shares of PriceSmart from a “c+” rating to a “b” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $64.85.

A number of large investors have recently made changes to their positions in PSMT. California State Teachers Retirement System raised its holdings in shares of PriceSmart by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 35,016 shares of the company’s stock worth $2,490,000 after purchasing an additional 418 shares during the period. Stifel Financial Corp increased its position in PriceSmart by 14.7% during the 3rd quarter. Stifel Financial Corp now owns 42,131 shares of the company’s stock worth $2,978,000 after purchasing an additional 5,408 shares in the last quarter. State Street Corp raised its holdings in PriceSmart by 39.0% in the third quarter. State Street Corp now owns 686,762 shares of the company’s stock valued at $48,829,000 after buying an additional 192,572 shares during the period. D.A. Davidson & CO. raised its holdings in PriceSmart by 9.9% in the third quarter. D.A. Davidson & CO. now owns 14,485 shares of the company’s stock valued at $1,030,000 after buying an additional 1,310 shares during the period. Finally, EdgePoint Investment Group Inc. lifted its position in PriceSmart by 0.7% during the third quarter. EdgePoint Investment Group Inc. now owns 3,925,810 shares of the company’s stock valued at $279,125,000 after buying an additional 26,824 shares in the last quarter. Institutional investors own 82.65% 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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Insider Buying and Selling by Quarter for PriceSmart (NASDAQ:PSMT)

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