PriceSmart’s (NASDAQ:PSMT) same store sales rose 0.9% in the month of September. PriceSmart’s stock dropped by 0.3% in the first day of trading following the news.

A number of research firms have weighed in on PSMT. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Saturday, August 24th. Scotiabank upgraded shares of PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $61.70 target price on the stock in a research note on Wednesday, July 17th. Finally, ValuEngine upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Wednesday.

In other PriceSmart news, major shareholder Philanthropies Foundatio Price sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $69.74, for a total value of $697,400.00. Following the transaction, the insider now directly owns 4,310,822 shares in the company, valued at $300,636,726.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 60,000 shares of company stock worth $3,740,900. Corporate insiders own 27.10% of the company’s stock.

Shares of PSMT stock opened at $67.44 on Friday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 27.75 and a beta of 1.00. The company has a current ratio of 1.28, a quick ratio of 0.45 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $65.33 and its 200 day moving average is $58.90. PriceSmart has a 12 month low of $48.06 and a 12 month high of $82.44.

Hedge funds have recently made changes to their positions in the stock. Private Capital Group LLC lifted its stake in shares of PriceSmart by 142.5% during the 2nd quarter. Private Capital Group LLC now owns 308 shares of the company’s stock valued at $28,000 after buying an additional 181 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of PriceSmart during the 2nd quarter valued at approximately $26,000. Quantamental Technologies LLC lifted its stake in shares of PriceSmart by 39,000.0% during the 2nd quarter. Quantamental Technologies LLC now owns 1,173 shares of the company’s stock valued at $60,000 after buying an additional 1,170 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of PriceSmart by 112.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,282 shares of the company’s stock valued at $66,000 after buying an additional 679 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of PriceSmart by 30.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,752 shares of the company’s stock valued at $125,000 after buying an additional 411 shares in the last quarter. Institutional investors own 72.56% of the company’s stock.

About PriceSmart

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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