PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) EVP Francisco Velasco sold 338 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $177.87, for a total transaction of $60,120.06. Following the transaction, the executive vice president directly owned 75,321 shares of the company's stock, valued at $13,397,346.27. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
PriceSmart Stock Performance
NASDAQ PSMT traded down $1.09 on Wednesday, hitting $175.61. 125,594 shares of the stock traded hands, compared to its average volume of 254,916. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.53 and a current ratio of 1.28. The business's fifty day moving average is $186.65 and its two-hundred day moving average is $166.74. PriceSmart, Inc. has a 12 month low of $105.46 and a 12 month high of $199.84. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 33.71 and a beta of 0.76.
PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 8th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.04). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.43 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The company's revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share.
Institutional Trading of PriceSmart
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of PriceSmart during the 2nd quarter valued at about $814,722,000. State Street Corp raised its stake in shares of PriceSmart by 2.4% during the second quarter. State Street Corp now owns 1,045,998 shares of the company's stock worth $109,872,000 after acquiring an additional 24,512 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of PriceSmart by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 763,261 shares of the company's stock worth $93,640,000 after acquiring an additional 7,095 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of PriceSmart by 13.3% in the 3rd quarter. Invesco Ltd. now owns 624,985 shares of the company's stock worth $75,742,000 after acquiring an additional 73,419 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of PriceSmart by 1.7% in the 4th quarter. Morgan Stanley now owns 495,799 shares of the company's stock valued at $60,820,000 after purchasing an additional 8,428 shares in the last quarter. 80.46% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have commented on PSMT. Weiss Ratings downgraded PriceSmart from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, May 29th. Jefferies Financial Group reissued a "buy" rating and issued a $198.00 price target on shares of PriceSmart in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $198.00.
Read Our Latest Report on PSMT
PriceSmart Company Profile
(
Get Free Report)
PriceSmart, Inc NASDAQ: PSMT is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart's value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.
The company's product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider PriceSmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PriceSmart wasn't on the list.
While PriceSmart currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
