PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco Sells 550 Shares

PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) EVP Francisco Velasco sold 550 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $106.31, for a total transaction of $58,470.50. Following the completion of the transaction, the executive vice president directly owned 77,908 shares of the company's stock, valued at approximately $8,282,399.48. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Francisco Velasco also recently made the following trade(s):

• On Tuesday, May 6th, Francisco Velasco sold 550 shares of PriceSmart stock. The stock was sold at an average price of $99.74, for a total transaction of $54,857.00.

PriceSmart Price Performance

Shares of NASDAQ:PSMT traded up $6.31 on Friday, hitting $109.01. The company had a trading volume of 424,163 shares, compared to its average volume of 201,198. The business has a 50 day moving average of $105.00 and a 200 day moving average of $95.39. PriceSmart, Inc. has a 52-week low of $77.65 and a 52-week high of $111.98. The company has a market cap of $3.35 billion, a PE ratio of 23.31 and a beta of 0.78. The company has a current ratio of 1.25, a quick ratio of 0.46 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its earnings results on Thursday, July 10th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.02). PriceSmart had a return on equity of 12.40% and a net margin of 2.81%. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter last year, the company posted $1.08 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised PriceSmart from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th.

Hedge Funds Weigh In On PriceSmart

Large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its position in PriceSmart by 68.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,759 shares of the company's stock worth $418,000 after buying an additional 1,928 shares during the period. New York State Teachers Retirement System raised its holdings in shares of PriceSmart by 19.3% in the 1st quarter. New York State Teachers Retirement System now owns 10,785 shares of the company's stock worth $947,000 after purchasing an additional 1,742 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of PriceSmart by 522.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 113,268 shares of the company's stock worth $9,951,000 after purchasing an additional 95,073 shares during the period. GAMMA Investing LLC raised its holdings in shares of PriceSmart by 7,364.9% in the 1st quarter. GAMMA Investing LLC now owns 69,050 shares of the company's stock worth $6,066,000 after purchasing an additional 68,125 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of PriceSmart by 21.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,276 shares of the company's stock worth $1,430,000 after purchasing an additional 2,868 shares during the period. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

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.