PriceSmart, Inc.’s April Same-Store Sales Numbers Miss Analysts’ Estimates, Shares Fall by 3.1% (NASDAQ:PSMT)

PriceSmart’s (NASDAQ:PSMT) same-store sales dropped 0.5% during the month of April. PriceSmart’s shares fell by 3.1% in the first full-day of trading following the news.

Several analysts recently issued reports on the stock. BidaskClub cut shares of PriceSmart from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 31st. ValuEngine cut shares of PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Three research analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. PriceSmart currently has a consensus rating of “Sell” and an average price target of $77.00.

In related news, Director Robert E. Price sold 10,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $62.76, for a total transaction of $627,600.00. Following the completion of the sale, the director now owns 80 shares of the company’s stock, valued at approximately $5,020.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Hildebrandt sold 870 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $62.08, for a total transaction of $54,009.60. Following the sale, the executive vice president now directly owns 15,271 shares of the company’s stock, valued at approximately $948,023.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,007 shares of company stock valued at $1,465,996. 27.10% of the stock is owned by corporate insiders.

NASDAQ PSMT traded down $1.67 during trading hours on Monday, hitting $55.68. 264,000 shares of the company’s stock traded hands, compared to its average volume of 155,318. PriceSmart has a 52-week low of $54.93 and a 52-week high of $94.45. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.75 billion, a PE ratio of 22.91 and a beta of 0.87.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Tuesday, April 9th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.23. PriceSmart had a net margin of 2.38% and a return on equity of 11.51%. The business had revenue of $854.43 million during the quarter, compared to analysts’ expectations of $859.93 million. During the same quarter in the prior year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast that PriceSmart will post 2.24 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of PSMT. Nisa Investment Advisors LLC grew its stake in shares of PriceSmart by 600.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 700 shares of the company’s stock valued at $41,000 after buying an additional 600 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in shares of PriceSmart in the 4th quarter valued at approximately $52,000. Quadrant Capital Group LLC purchased a new stake in shares of PriceSmart in the 1st quarter valued at approximately $58,000. Rockefeller Capital Management L.P. purchased a new stake in shares of PriceSmart in the 1st quarter valued at approximately $75,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of PriceSmart by 67.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,479 shares of the company’s stock valued at $88,000 after buying an additional 594 shares during the period. 74.54% of the stock is owned by institutional investors and hedge funds.

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PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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