PriceSmart (NASDAQ:PSMT) EVP Sells $582,339.30 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Paul Kovaleski sold 4,255 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $136.86, for a total value of $582,339.30. Following the transaction, the executive vice president directly owned 38,854 shares in the company, valued at approximately $5,317,558.44. This represents a 9.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Paul Kovaleski also recently made the following trade(s):

• On Friday, November 14th, Paul Kovaleski sold 1,305 shares of PriceSmart stock. The stock was sold at an average price of $114.55, for a total value of $149,487.75.

PriceSmart Price Performance

PriceSmart stock opened at $140.86 on Friday. The business’s 50-day simple moving average is $125.23 and its 200 day simple moving average is $117.63. The company has a quick ratio of 0.55, a current ratio of 1.33 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 28.75 and a beta of 0.74. PriceSmart, Inc. has a 12-month low of $81.25 and a 12-month high of $143.37.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, January 7th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. PriceSmart had a net margin of 2.79% and a return on equity of 12.20%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. As a group, research analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. increased its position in shares of PriceSmart by 560.0% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after acquiring an additional 252 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in PriceSmart in the 2nd quarter valued at approximately $28,000. First Horizon Corp bought a new position in shares of PriceSmart during the 3rd quarter worth approximately $30,000. Steward Partners Investment Advisory LLC raised its holdings in shares of PriceSmart by 52.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company’s stock valued at $38,000 after purchasing an additional 125 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of PriceSmart in the third quarter worth $39,000. Institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PSMT shares. Wall Street Zen lowered PriceSmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Weiss Ratings downgraded shares of PriceSmart from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

PriceSmart Company Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.