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

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

PriceSmart Trading Up 1.2 %

NASDAQ PSMT opened at $81.55 on Thursday. The company has a fifty day simple moving average of $82.00 and a two-hundred day simple moving average of $76.22. The stock has a market cap of $2.50 billion, a P/E ratio of 20.49 and a beta of 0.92. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month 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.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. On average, analysts forecast that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

PriceSmart Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on PSMT. TheStreet raised shares of PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th. StockNews.com cut shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 13th. Finally, Jefferies Financial Group raised their price target on shares of PriceSmart from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th.

Institutional Trading of PriceSmart

A number of hedge funds and other institutional investors have recently made changes to their positions in PSMT. SG Americas Securities LLC increased its stake in shares of PriceSmart by 235.9% in the third quarter. SG Americas Securities LLC now owns 4,847 shares of the company’s stock worth $361,000 after acquiring an additional 3,404 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of PriceSmart by 93.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,278 shares of the company’s stock worth $95,000 after acquiring an additional 616 shares during the period. Raymond James & Associates increased its stake in shares of PriceSmart by 0.7% in the third quarter. Raymond James & Associates now owns 94,848 shares of the company’s stock worth $7,060,000 after acquiring an additional 626 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PriceSmart by 18.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,371 shares of the company’s stock worth $400,000 after acquiring an additional 824 shares during the period. Finally, RWC Asset Management LLP acquired a new stake in shares of PriceSmart in the third quarter worth $4,778,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

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.