PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary Sells 4,000 Shares

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of PriceSmart stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $89.67, for a total transaction of $358,680.00. Following the sale, the chief financial officer now directly owns 58,141 shares in the company, valued at approximately $5,213,503.47. This trade represents a 6.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Mccleary also recently made the following trade(s):

• On Tuesday, November 12th, Michael Mccleary sold 4,000 shares of PriceSmart stock. The stock was sold at an average price of $89.62, for a total transaction of $358,480.00.

PriceSmart Stock Up 0.4 %

Shares of NASDAQ:PSMT opened at $90.79 on Friday. PriceSmart, Inc. has a 52-week low of $74.74 and a 52-week high of $99.23. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $91.40 and a two-hundred day moving average of $89.28. The stock has a market cap of $2.78 billion, a P/E ratio of 20.00 and a beta of 0.86.

PriceSmart (NASDAQ:PSMT) last announced 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). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Institutional Trading of PriceSmart

Institutional investors have recently made changes to their positions in the company. Creative Planning grew its position in PriceSmart by 3.2% in the third quarter. Creative Planning now owns 7,720 shares of the company’s stock worth $709,000 after acquiring an additional 236 shares during the period. Blue Trust Inc. lifted its stake in shares of PriceSmart by 22.8% in the 4th quarter. Blue Trust Inc. now owns 1,278 shares of the company’s stock valued at $117,000 after purchasing an additional 237 shares during the last quarter. Diversified Trust Co grew its holdings in shares of PriceSmart by 3.2% during the 3rd quarter. Diversified Trust Co now owns 8,168 shares of the company’s stock worth $750,000 after purchasing an additional 257 shares during the period. QRG Capital Management Inc. increased its position in shares of PriceSmart by 8.4% during the 3rd quarter. QRG Capital Management Inc. now owns 3,496 shares of the company’s stock worth $321,000 after purchasing an additional 270 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in PriceSmart by 1.3% in the 3rd quarter. Royce & Associates LP now owns 24,094 shares of the company’s stock valued at $2,211,000 after buying an additional 312 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

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

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.