PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $114.32 and last traded at $115.02, with a volume of 30261 shares trading hands. The stock had previously closed at $111.00.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research note on Friday, September 5th.
Check Out Our Latest Report on PriceSmart
PriceSmart Stock Performance
The stock has a market cap of $3.60 billion, a PE ratio of 24.69 and a beta of 0.79. The stock has a fifty day simple moving average of $109.22 and a two-hundred day simple moving average of $101.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 1.28.
PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.31 billion. PriceSmart had a return on equity of 12.46% and a net margin of 2.82%.The firm's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 EPS. Equities analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.
Insider Activity at PriceSmart
In other news, EVP Francisco Velasco sold 550 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was 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 in the company, valued at approximately $8,282,399.48. This represents a 0.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Mccleary sold 9,754 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $110.62, for a total value of $1,078,987.48. Following the transaction, the executive vice president owned 47,082 shares of the company's stock, valued at approximately $5,208,210.84. This trade represents a 17.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.10% of the company's stock.
Institutional Investors Weigh In On PriceSmart
Several institutional investors and hedge funds have recently made changes to their positions in PSMT. Geneos Wealth Management Inc. raised its position in shares of PriceSmart by 560.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company's stock valued at $26,000 after acquiring an additional 252 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of PriceSmart during the 2nd quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC raised its position in shares of PriceSmart by 52.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company's stock valued at $38,000 after acquiring an additional 125 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of PriceSmart during the 1st quarter valued at approximately $42,000. Finally, Quarry LP acquired a new stake in shares of PriceSmart during the 1st quarter valued at approximately $49,000. 80.46% of the stock is owned by institutional investors and hedge funds.
About PriceSmart
(
Get Free Report)
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.
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