Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $161,500.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 1,700 shares of PriceSmart stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $95.00, for a total value of $161,500.00. Following the sale, the director now directly owns 16,911 shares in the company, valued at $1,606,545. This trade represents a 9.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Jeffrey Fisher also recently made the following trade(s):

• On Wednesday, February 12th, Jeffrey Fisher sold 200 shares of PriceSmart stock. The shares were sold at an average price of $95.02, for a total value of $19,004.00.
• On Thursday, January 30th, Jeffrey Fisher sold 5,000 shares of PriceSmart stock. The shares were sold at an average price of $93.00, for a total value of $465,000.00.

PriceSmart Stock Performance

NASDAQ:PSMT opened at $91.14 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. PriceSmart, Inc. has a 1 year low of $77.51 and a 1 year high of $99.23. The stock’s 50 day simple moving average is $92.22 and its two-hundred day simple moving average is $90.00. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 20.07 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last released 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 return on equity of 12.29% and a net margin of 2.76%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm earned $1.24 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, February 18th. PriceSmart’s dividend payout ratio is currently 25.55%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On PriceSmart

Several large investors have recently modified their holdings of PSMT. Sterling Capital Management LLC increased its position in shares of PriceSmart by 536.7% during the 4th quarter. Sterling Capital Management LLC now owns 312 shares of the company’s stock valued at $29,000 after purchasing an additional 263 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of PriceSmart during the 4th quarter valued at approximately $53,000. MassMutual Private Wealth & Trust FSB increased its position in shares of PriceSmart by 3,905.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after purchasing an additional 664 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of PriceSmart by 393.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 715 shares of the company’s stock valued at $65,000 after purchasing an additional 570 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of PriceSmart by 96.9% during the 3rd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after purchasing an additional 405 shares during 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.