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 company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total value of $291,020.60. Following the sale, the executive vice president now owns 44,309 shares of the company’s stock, valued at $3,986,037.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

PriceSmart Price Performance

Shares of NASDAQ PSMT traded down $1.44 during midday trading on Thursday, reaching $88.07. 39,531 shares of the company were exchanged, compared to its average volume of 150,261. The stock’s 50-day moving average price is $89.89 and its 200-day moving average price is $86.11. The stock has a market cap of $2.70 billion, a P/E ratio of 19.59 and a beta of 0.85. 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 one year low of $66.79 and a one year high of $94.82.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data 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). PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp lifted its holdings in shares of PriceSmart by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 21,918 shares of the company’s stock worth $1,841,000 after purchasing an additional 292 shares during the period. SG Americas Securities LLC bought a new stake in shares of PriceSmart in the 1st quarter valued at about $117,000. Sei Investments Co. increased its stake in shares of PriceSmart by 8.8% in the first quarter. Sei Investments Co. now owns 21,790 shares of the company’s stock valued at $1,831,000 after buying an additional 1,757 shares during the period. Headlands Technologies LLC raised its position in shares of PriceSmart by 198.6% during the first quarter. Headlands Technologies LLC now owns 1,762 shares of the company’s stock worth $148,000 after acquiring an additional 1,172 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of PriceSmart by 17.3% in the first quarter. QRG Capital Management Inc. now owns 3,159 shares of the company’s stock worth $265,000 after acquiring an additional 465 shares during the period. Institutional investors own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut PriceSmart from a “strong-buy” rating to a “buy” rating in a research 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.