Sherry S. Bahrambeygui Sells 1,569 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry S. Bahrambeygui sold 1,569 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $83.03, for a total value of $130,274.07. Following the completion of the transaction, the director now owns 91,738 shares in the company, valued at approximately $7,617,006.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

PriceSmart Stock Up 0.5 %

Shares of PriceSmart stock opened at $82.46 on Friday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 20.72 and a beta of 0.92. The stock has a 50-day simple moving average of $82.00 and a 200-day simple moving average of $76.33. PriceSmart, Inc. has a 52-week low of $61.82 and a 52-week high of $86.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, April 10th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company’s revenue was up 13.1% compared to the same quarter last year. On average, equities research analysts expect that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

PriceSmart Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Tuesday, April 30th. Investors 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 is presently 29.15%.

Institutional Trading of PriceSmart

Several large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP lifted its holdings in PriceSmart by 201.5% in the 1st quarter. GSA Capital Partners LLP now owns 20,369 shares of the company’s stock worth $1,711,000 after purchasing an additional 13,614 shares during the last quarter. Capstone Investment Advisors LLC boosted its holdings in shares of PriceSmart by 249.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 18,868 shares of the company’s stock worth $1,585,000 after buying an additional 13,461 shares during the period. Norden Group LLC acquired a new position in PriceSmart in the 1st quarter valued at $2,420,000. Principal Financial Group Inc. raised its holdings in PriceSmart by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 135,328 shares of the company’s stock worth $11,368,000 after acquiring an additional 1,181 shares during the period. Finally, SYSTM Wealth Solutions LLC acquired a new position in PriceSmart during the 1st quarter worth $85,000. Institutional investors own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PSMT shares. Jefferies Financial Group boosted their price objective on shares of PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th. Finally, StockNews.com downgraded shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research note 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.