PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco Sells 670 Shares

PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco sold 670 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $89.05, for a total value of $59,663.50. Following the transaction, the executive vice president now owns 79,470 shares of the company’s stock, valued at $7,076,803.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Francisco Velasco also recently made the following trade(s):

• On Tuesday, July 16th, Francisco Velasco sold 1,298 shares of PriceSmart stock. The shares were sold at an average price of $87.00, for a total transaction of $112,926.00.

PriceSmart Stock Performance

PSMT opened at $88.03 on Thursday. The stock has a market cap of $2.70 billion, a PE ratio of 21.37 and a beta of 0.85. PriceSmart, Inc. has a 1 year low of $61.82 and a 1 year high of $92.76. The stock’s 50 day simple moving average is $85.09 and its 200-day simple moving average is $83.33. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Wednesday, July 10th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 EPS. Sell-side analysts forecast that PriceSmart, Inc. will post 4.64 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PSMT. Innealta Capital LLC acquired a new stake in shares of PriceSmart during the 2nd quarter worth about $28,000. Canada Pension Plan Investment Board bought a new position in shares of PriceSmart in the second quarter valued at approximately $32,000. GAMMA Investing LLC boosted its holdings in shares of PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after acquiring an additional 181 shares in the last quarter. Covestor Ltd grew its position in PriceSmart by 237.4% during the 1st quarter. Covestor Ltd now owns 442 shares of the company’s stock worth $38,000 after acquiring an additional 311 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in PriceSmart during the 2nd quarter valued at $40,000. 80.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

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.