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

PriceSmart, Inc. (NASDAQ:PSMT) EVP Paul Kovaleski sold 3,235 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $89.96, for a total value of $291,020.60. Following the completion of the transaction, the executive vice president now directly owns 44,309 shares in the company, valued at approximately $3,986,037.64. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

PriceSmart Price Performance

PSMT stock traded down $0.79 during trading on Friday, hitting $87.31. The stock had a trading volume of 10,848 shares, compared to its average volume of 149,943. The company’s 50-day moving average price is $89.87 and its two-hundred day moving average price is $86.12. PriceSmart, Inc. has a twelve month low of $66.79 and a twelve month high of $94.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. The stock has a market capitalization of $2.68 billion, a P/E ratio of 19.28 and a beta of 0.85.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new position in PriceSmart during the first quarter worth $2,673,000. Simplicity Wealth LLC purchased a new stake in shares of PriceSmart in the second quarter worth approximately $1,202,000. Tidal Investments LLC purchased a new position in shares of PriceSmart in the 1st quarter worth about $780,000. Acadian Asset Management LLC boosted its holdings in PriceSmart by 20.0% in the 2nd quarter. Acadian Asset Management LLC now owns 63,940 shares of the company’s stock worth $5,183,000 after buying an additional 10,673 shares during the period. Finally, Vanguard Group Inc. increased its stake in PriceSmart by 3.2% in the 1st 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 last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

About PriceSmart

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.