PriceSmart, Inc. (NASDAQ:PSMT) major shareholder Philanthropies Foundatio Price sold 10,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $60.78, for a total value of $607,800.00. Following the transaction, the insider now directly owns 4,360,837 shares in the company, valued at approximately $265,051,672.86. The transaction was disclosed in a filing with the SEC, 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 Monday, July 1st, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $51.04, for a total value of $510,400.00.
PSMT stock opened at $61.32 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.28 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 25.23 and a beta of 1.01. The firm has a 50-day moving average of $52.69. PriceSmart, Inc. has a 1 year low of $48.06 and a 1 year high of $88.65.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. The company had revenue of $788.56 million for the quarter, compared to analyst estimates of $792.96 million. PriceSmart had a return on equity of 11.19% and a net margin of 2.23%. PriceSmart’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. On average, equities analysts anticipate that PriceSmart, Inc. will post 2.56 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in PriceSmart by 0.7% in the 4th quarter. BlackRock Inc. now owns 1,516,952 shares of the company’s stock valued at $89,651,000 after purchasing an additional 11,007 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of PriceSmart by 17.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 849,632 shares of the company’s stock valued at $50,212,000 after acquiring an additional 123,795 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of PriceSmart by 20.8% in the 1st quarter. Wells Fargo & Company MN now owns 521,569 shares of the company’s stock valued at $30,710,000 after acquiring an additional 89,854 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of PriceSmart by 0.3% in the 1st quarter. Bank of Montreal Can now owns 397,020 shares of the company’s stock valued at $23,377,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Marathon Asset Management LLP purchased a new position in shares of PriceSmart in the 2nd quarter valued at about $14,603,000. 72.64% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on PSMT shares. BidaskClub raised Acceleron Pharma from a “strong sell” rating to a “sell” rating in a research report on Friday. Scotiabank raised PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $61.70 price target on the stock in a research report on Wednesday. Finally, Zacks Investment Research lowered IQIYI from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $64.85.
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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