John D. Hildebrandt Sells 1,614 Shares of PriceSmart, Inc. (PSMT) Stock
PriceSmart, Inc. (NASDAQ:PSMT) EVP John D. Hildebrandt sold 1,614 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total value of $134,720.58. Following the completion of the sale, the executive vice president now directly owns 17,237 shares of the company’s stock, valued at $1,438,772.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
PriceSmart (NASDAQ:PSMT) last issued its earnings results on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.09). The business had revenue of $733.50 million during the quarter, compared to the consensus estimate of $733.64 million. PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS.
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Several research firms have commented on PSMT. TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Roth Capital reaffirmed a “buy” rating and set a $100.00 price objective on shares of PriceSmart in a research note on Monday, October 2nd. BidaskClub raised PriceSmart from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Ifs Securities began coverage on PriceSmart in a research note on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective for the company. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $92.50.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PSMT. BlackRock Inc. raised its holdings in shares of PriceSmart by 76,229.7% during the first quarter. BlackRock Inc. now owns 1,286,919 shares of the company’s stock valued at $118,654,000 after buying an additional 1,285,233 shares during the last quarter. Genesis Asset Managers LLP raised its holdings in shares of PriceSmart by 267.8% during the second quarter. Genesis Asset Managers LLP now owns 598,786 shares of the company’s stock valued at $52,454,000 after buying an additional 435,964 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of PriceSmart by 11.0% during the first quarter. Vanguard Group Inc. now owns 2,016,257 shares of the company’s stock valued at $185,899,000 after buying an additional 200,045 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of PriceSmart by 8.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,378,780 shares of the company’s stock valued at $120,781,000 after buying an additional 109,090 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of PriceSmart by 11.9% during the second quarter. Bank of Montreal Can now owns 1,018,827 shares of the company’s stock valued at $89,249,000 after buying an additional 108,009 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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