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

PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) EVP Francisco Velasco sold 550 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $106.31, for a total transaction of $58,470.50. Following the transaction, the executive vice president owned 77,908 shares of the company's stock, valued at approximately $8,282,399.48. The trade was a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $99.74, for a total transaction of $54,857.00.

PriceSmart Price Performance

Shares of PSMT stock traded up $5.47 during mid-day trading on Friday, reaching $108.17. The company's stock had a trading volume of 561,147 shares, compared to its average volume of 200,615. The firm's 50-day moving average is $105.14 and its two-hundred day moving average is $95.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.46 and a current ratio of 1.25. PriceSmart, Inc. has a 1-year low of $80.27 and a 1-year high of $113.59. The company has a market cap of $3.33 billion, a P/E ratio of 22.82 and a beta of 0.78.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted 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 12.63% and a net margin of 2.82%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company posted $1.08 EPS. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Institutional Investors Weigh In On PriceSmart

Large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its holdings in shares of PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company's stock worth $26,000 after purchasing an additional 252 shares during the last quarter. Sterling Capital Management LLC grew its holdings in PriceSmart by 536.7% during the 4th quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock worth $29,000 after acquiring an additional 263 shares during the last quarter. Ridgewood Investments LLC bought a new stake in PriceSmart during the 1st quarter worth about $42,000. Quarry LP bought a new stake in PriceSmart during the 1st quarter worth about $49,000. Finally, Heck Capital Advisors LLC bought a new stake in PriceSmart during the 4th quarter worth about $53,000. Institutional investors own 80.46% of the company's stock.

Analyst Upgrades and Downgrades

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

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.