PriceSmart, Inc. owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products, essential goods, fresh produce, prepared foods, and fresh-baked goods, as well as provides services, such as optical, tire center, and other ancillary services. The company also operates Click & Go, an e-commerce platform for online ordering, curbside pickup, and delivery services. As of March 29, 2022, it operated 49 warehouse clubs in 12 countries and one U.S. territory. PriceSmart, Inc. was incorporated in 1994 and is headquartered in San Diego, California.
PriceSmart Trading Up 0.6 %
Shares of NASDAQ:PSMT opened at $66.25 on Tuesday. The company's fifty day moving average is $69.12 and its 200-day moving average is $74.11. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 20.32 and a beta of 0.70. PriceSmart has a twelve month low of $63.14 and a twelve month high of $88.30. The company has a quick ratio of 0.50, a current ratio of 1.30 and a debt-to-equity ratio of 0.11.
PriceSmart (NASDAQ:PSMT - Get Rating) last issued its quarterly earnings data on Monday, July 11th. The company reported $0.62 EPS for the quarter. PriceSmart had a net margin of 2.55% and a return on equity of 10.65%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $951.87 million. During the same period last year, the business posted $0.73 earnings per share. The firm's quarterly revenue was up 15.1% on a year-over-year basis.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. StockNews.com raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research note on Tuesday, July 19th. Scotiabank raised shares of PriceSmart from a "sector perform" rating to a "sector outperform" rating and set a $100.00 price target on the stock in a research report on Tuesday, April 19th.
Insider Buying and Selling
In related news, EVP Chong Jesus Von sold 719 shares of the firm's stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $66.73, for a total transaction of $47,978.87. Following the sale, the executive vice president now directly owns 26,939 shares in the company, valued at $1,797,639.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other PriceSmart news, Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction on Monday, August 1st. The shares were sold at an average price of $66.49, for a total value of $664,900.00. Following the sale, the director now directly owns 626,033 shares in the company, valued at approximately $41,624,934.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Chong Jesus Von sold 719 shares of PriceSmart stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $66.73, for a total transaction of $47,978.87. Following the completion of the sale, the executive vice president now owns 26,939 shares in the company, valued at $1,797,639.47. The disclosure for this sale can be found here. Insiders have sold a total of 70,719 shares of company stock worth $5,066,863 over the last ninety days. Company insiders own 20.90% of the company's stock.