PriceSmart (NASDAQ:PSMT) Director Leon Janks Sells 3,000 Shares

by · The Markets Daily

PriceSmart, Inc. (NASDAQ:PSMT – Get Free Report) Director Leon Janks sold 3,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $137.29, for a total value of $411,870.00. Following the transaction, the director directly owned 30,734 shares in the company, valued at $4,219,470.86. This represents a 8.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PriceSmart Stock Performance

PSMT traded up $4.80 during trading hours on Wednesday, hitting $141.66. The stock had a trading volume of 225,610 shares, compared to its average volume of 215,779. PriceSmart, Inc. has a 1 year low of $81.25 and a 1 year high of $143.37. The company’s fifty day simple moving average is $123.83 and its 200 day simple moving average is $117.05. The stock has a market cap of $4.37 billion, a PE ratio of 28.91 and a beta of 0.74. The company has a quick ratio of 0.55, a current ratio of 1.33 and a debt-to-equity ratio of 0.11.

PriceSmart (NASDAQ:PSMT – Get Free Report) last issued its earnings results on Wednesday, January 7th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. PriceSmart had a net margin of 2.79% and a return on equity of 12.20%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. Equities analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Institutional Trading of PriceSmart

Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its position in shares of PriceSmart by 560.0% in the first 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of PriceSmart in the 2nd quarter worth $28,000. First Horizon Corp purchased a new position in PriceSmart in the third quarter worth $30,000. Steward Partners Investment Advisory LLC increased its stake in PriceSmart by 52.5% in the second 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 during the last quarter. Finally, Mather Group LLC. purchased a new stake in PriceSmart during the third quarter valued at about $39,000. Institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

PSMT has been the subject of several recent research reports. Wall Street Zen cut PriceSmart from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings downgraded PriceSmart from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on PriceSmart

PriceSmart Company Profile

(Get Free Report)

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.

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