PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry S. Bahrambeygui Sells 5,201 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry S. Bahrambeygui sold 5,201 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $82.83, for a total transaction of $430,798.83. Following the completion of the sale, the director now directly owns 93,307 shares in the company, valued at approximately $7,728,618.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

PriceSmart Trading Up 0.6 %

Shares of PSMT opened at $82.02 on Friday. PriceSmart, Inc. has a 1-year low of $61.82 and a 1-year high of $86.90. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $82.00 and its 200-day moving average price is $76.26. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 20.61 and a beta of 0.92.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.07. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue was up 13.1% on a year-over-year basis. Sell-side analysts anticipate that PriceSmart, Inc. will post 4.64 EPS for the current year.

PriceSmart Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, April 18th. PriceSmart’s dividend payout ratio (DPR) is 29.15%.

Institutional Trading of PriceSmart

A number of hedge funds have recently modified their holdings of PSMT. Headlands Technologies LLC bought a new position in shares of PriceSmart in the 3rd quarter worth about $47,000. TFO Wealth Partners LLC grew its holdings in PriceSmart by 30,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock worth $69,000 after purchasing an additional 909 shares during the period. CWM LLC increased its stake in shares of PriceSmart by 331.4% during the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock valued at $79,000 after purchasing an additional 802 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new position in shares of PriceSmart during the first quarter valued at approximately $85,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of PriceSmart by 93.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,278 shares of the company’s stock valued at $95,000 after purchasing an additional 616 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

PSMT has been the topic of several recent analyst reports. Jefferies Financial Group raised their target price on PriceSmart from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, StockNews.com downgraded PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 13th.

About PriceSmart

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.