Paul Kovaleski Sells 3,235 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Paul Kovaleski sold 3,235 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total value of $291,020.60. Following the transaction, the executive vice president now owns 44,309 shares of the company’s stock, valued at approximately $3,986,037.64. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

PriceSmart Stock Down 1.0 %

Shares of PSMT stock opened at $87.21 on Friday. The firm’s fifty day moving average price is $89.89 and its two-hundred day moving average price is $86.20. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 1 year low of $66.79 and a 1 year high of $94.82. The firm has a market capitalization of $2.68 billion, a P/E ratio of 19.08 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.07). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 EPS. On average, equities analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Hedge Funds Weigh In On PriceSmart

A number of institutional investors have recently added to or reduced their stakes in PSMT. Arizona State Retirement System grew its position in shares of PriceSmart by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 7,293 shares of the company’s stock valued at $592,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC grew its holdings in PriceSmart by 76.4% during the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 181 shares during the period. SummerHaven Investment Management LLC increased its position in PriceSmart by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 9,864 shares of the company’s stock worth $801,000 after buying an additional 183 shares during the last quarter. US Bancorp DE raised its stake in PriceSmart by 5.2% in the first quarter. US Bancorp DE now owns 4,239 shares of the company’s stock valued at $356,000 after buying an additional 209 shares during the period. Finally, Creative Planning lifted its position in shares of PriceSmart by 3.2% in the third quarter. Creative Planning now owns 7,720 shares of the company’s stock valued at $709,000 after buying an additional 236 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

PriceSmart Company Profile

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.