Paul Kovaleski Sells 3,235 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Paul Kovaleski sold 3,235 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total transaction of $291,020.60. Following the sale, the executive vice president now directly owns 44,309 shares in the company, valued at $3,986,037.64. The trade was a 6.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

PriceSmart Stock Down 0.9 %

Shares of PriceSmart stock traded down $0.79 on Friday, hitting $87.31. 10,848 shares of the company traded hands, compared to its average volume of 149,943. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 12-month low of $66.79 and a 12-month high of $94.82. The company has a 50-day moving average price of $89.87 and a 200 day moving average price of $86.12. The company has a market cap of $2.68 billion, a PE ratio of 19.28 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Sell-side analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Institutional Investors Weigh In On PriceSmart

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in PriceSmart by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company’s stock worth $287,671,000 after acquiring an additional 105,405 shares during the period. EdgePoint Investment Group Inc. raised its holdings in shares of PriceSmart by 1.2% during the second quarter. EdgePoint Investment Group Inc. now owns 2,744,726 shares of the company’s stock valued at $222,872,000 after acquiring an additional 31,263 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in PriceSmart by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,309,265 shares of the company’s stock worth $106,311,000 after purchasing an additional 35,390 shares during the period. FMR LLC raised its position in shares of PriceSmart by 5.9% in the 3rd quarter. FMR LLC now owns 1,182,739 shares of the company’s stock worth $108,552,000 after purchasing an additional 65,492 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of PriceSmart by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock valued at $88,175,000 after purchasing an additional 184,252 shares during the period. Institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

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.