PriceSmart (NASDAQ:PSMT – Get Rating) reports earnings on Monday, January 9th.
PriceSmart (NASDAQ:PSMT – Get Rating) last published its quarterly earnings data on Monday, October 31st. The company reported earnings of $0.75 per share for his quarter. The company’s quarterly earnings were $1.02 billion, compared to analyst estimates of $1.02 billion. PriceSmart had a return on equity of 10.85% and a net profit margin of 2.57%. Business quarterly revenue increased by 12.3% compared to the same period last year. During the same quarter last year, the business posted earnings of $0.63 per share for him.
PriceSmart Trading up 3.4%
Shares of PriceSmart opened at $62.57 on Friday. The company has a market capitalization of $1.94 billion, a price/earnings ratio of 18.51 and a beta of 0.80. His 50-day moving average price for this business is $66.84 and his 200-day moving average price is $65.25. The company has a quick ratio of 0.53, a current ratio of 1.34 and a debt to equity ratio of 0.10. PriceSmart has a 12-month low of $56.29 and a 12-month high of $88.30.
In related news, EVP Chong Jesus Von sold 2,300 shares of PriceSmart stock in the Friday, November 11th transaction. The shares sold for an average of $71.69 for a total of $164,887.00. Following the closing of the transaction, the Executive Vice President now owns his 26,134 shares of the company, valued at his $1,873,546.46. The transaction is disclosed in documents filed with the SEC and available at this hyperlink. In related news, EVP Chong Jesus Von sold 2,300 shares of PriceSmart stock in his Friday, November 11th deal. The shares sold for an average of $71.69 for a total of $164,887.00. Following the closing of the transaction, the Executive Vice President now owns his 26,134 shares in the company, valued at $1,873,546.46. The transaction is disclosed in documents filed with the SEC and available at this hyperlink. Director Robert E. Price also sold 9,620 shares of the business in a transaction that took place on Monday, October 10. The shares sold at an average price of $58.26 for a total of $560,461.20. After the transaction, the directors now own 548,060 shares of the Company stock valued at approximately $31,929,975.60. Please see here for the disclosure of this sale. In the last quarter, the insider sold 44,421 shares of his company worth $2,748,881. A corporate insider owns his 17.40% of the company’s shares.
institution inflow and outflow
Several big investors recently changed their holdings in PSMT. JPMorgan Chase & Co. increased its position in PriceSmart shares by 175.0% in the first quarter. JPMorgan Chase & Co. now owns 103,697 shares of the company worth $8,178,000 after purchasing an additional 65,984 of his shares during this period. Bank of New York Mellon Corp boosted his PriceSmart stock position by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 301,840 shares of the company worth $23,806,000 after purchasing an additional 4,066 shares during this period. PNC Financial Services Group Inc. increased his PriceSmart stock position by 43.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,737 shares worth $137,000 after purchasing an additional 523 shares during this period. Bank of Montreal Can boosted its PriceSmart stock position by 2.1% in the first quarter. Bank of Montreal Can now owns 22,060 shares of the company worth $1,766,000 after purchasing an additional 446 shares during this period. Finally, MetLife Investment Management LLC increased its stake in PriceSmart by 61.0% during the first quarter. MetLife Investment Management LLC now owns 12,883 shares of the company worth $1,016,000 after acquiring an additional 4,881 shares in the previous quarter. Hedge funds and other institutional investors own 80.61% of the company’s shares.
Analyst sets new price target
Recently, many brokerage firms are considering PSMT. StockNews.com upgraded PriceSmart from a ‘buy’ rating to a ‘strong buy’ rating in its research report on Thursday, December 8th. TheStreet downgraded PriceSmart’s rating from ‘b-‘ to ‘c+’ in its research report on Friday, September 23. Finally, Scotiabank downgraded PriceSmart’s rating from ‘sector outperform’ to ‘sector perform’ and its share price target from $96.00 to $77.00 in its Tuesday Nov. 29 research report.
PriceSmart, Inc owns and operates US-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse club sells locally and regionally sourced merchandise, essentials, farm-to-table fresh produce, private label consumer products, ready meals and baked goods under the brand name Members’ Selection. .
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