PriceSmart (NASDAQ:PSMT) Issues Earnings Results

PriceSmart (NASDAQ:PSMT - Get Free Report) released its quarterly earnings results on Thursday. The company reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02), Zacks reports. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.63%. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS.

PriceSmart Stock Up 5.3%

Shares of PSMT traded up $5.47 on Friday, reaching $108.17. The stock had a trading volume of 561,147 shares, compared to its average volume of 200,885. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 22.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.46 and a current ratio of 1.25. The company has a 50-day simple moving average of $105.14 and a 200-day simple moving average of $95.48. PriceSmart has a 12-month low of $80.27 and a 12-month high of $113.59.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Jeffrey Fisher sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $102.21, for a total value of $306,630.00. Following the completion of the transaction, the director owned 13,011 shares in the company, valued at $1,329,854.31. This trade represents a 18.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edgar Zurcher sold 390 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $102.78, for a total value of $40,084.20. Following the completion of the transaction, the director owned 9,279 shares of the company's stock, valued at approximately $953,695.62. The trade was a 4.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,386 shares of company stock worth $1,063,743 over the last quarter. Company insiders own 17.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake in shares of PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company's stock valued at $26,000 after purchasing an additional 252 shares during the period. Advisors Asset Management Inc. raised its stake in PriceSmart by 124.2% during the first quarter. Advisors Asset Management Inc. now owns 668 shares of the company's stock valued at $59,000 after buying an additional 370 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PriceSmart by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,917 shares of the company's stock valued at $1,310,000 after buying an additional 648 shares during the last quarter. Intech Investment Management LLC raised its stake in PriceSmart by 34.7% during the first quarter. Intech Investment Management LLC now owns 18,673 shares of the company's stock valued at $1,640,000 after buying an additional 4,806 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in PriceSmart by 12.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,642 shares of the company's stock valued at $6,206,000 after buying an additional 7,717 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

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.