John D. Hildebrandt Sells 8,020 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) COO John D. Hildebrandt sold 8,020 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $90.51, for a total transaction of $725,890.20. Following the transaction, the chief operating officer now directly owns 123,547 shares of the company’s stock, valued at $11,182,238.97. The trade was a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

PriceSmart Stock Performance

Shares of NASDAQ:PSMT traded up $0.34 during trading on Friday, hitting $90.79. The company’s stock had a trading volume of 315,714 shares, compared to its average volume of 258,328. The company has a 50-day moving average of $91.28 and a 200-day moving average of $89.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 20.00 and a beta of 0.86. PriceSmart, Inc. has a 12 month low of $74.74 and a 12 month high of $99.23.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. On average, sell-side analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, January 10th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of PriceSmart by 46.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 96,088 shares of the company’s stock valued at $7,802,000 after purchasing an additional 30,581 shares during the period. Hsbc Holdings PLC raised its holdings in PriceSmart by 21.0% during the second quarter. Hsbc Holdings PLC now owns 9,010 shares of the company’s stock valued at $726,000 after acquiring an additional 1,562 shares during the period. Intech Investment Management LLC purchased a new position in shares of PriceSmart in the second quarter valued at about $268,000. Canada Pension Plan Investment Board bought a new position in shares of PriceSmart in the second quarter worth about $32,000. Finally, Sei Investments Co. grew its position in shares of PriceSmart by 39.6% during the second quarter. Sei Investments Co. now owns 30,423 shares of the company’s stock worth $2,470,000 after purchasing an additional 8,633 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

About PriceSmart

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.