PriceSmart (NASDAQ:PSMT) Director Gordon Hanson Sells 851 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon Hanson sold 851 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $117.44, for a total transaction of $99,941.44. Following the sale, the director owned 7,653 shares of the company’s stock, valued at approximately $898,768.32. This represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

PriceSmart Stock Up 0.1%

PSMT traded up $0.16 during trading on Tuesday, hitting $116.01. 69,281 shares of the company’s stock traded hands, compared to its average volume of 229,806. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 24.47 and a beta of 0.84. The company’s 50 day simple moving average is $119.08 and its two-hundred day simple moving average is $111.16. PriceSmart, Inc. has a 12-month low of $81.25 and a 12-month high of $125.48. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.08). PriceSmart had a net margin of 2.82% and a return on equity of 12.46%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded PriceSmart from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “buy (a-)” rating on shares of PriceSmart in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, PriceSmart currently has a consensus rating of “Strong Buy”.

Institutional Investors Weigh In On PriceSmart

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Corp bought a new position in PriceSmart in the 3rd quarter worth approximately $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of PriceSmart during the second quarter worth $28,000. Geneos Wealth Management Inc. boosted its position in shares of PriceSmart by 560.0% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after acquiring an additional 252 shares during the last quarter. Mather Group LLC. purchased a new position in PriceSmart during the third quarter valued at $39,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in PriceSmart by 52.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company’s stock valued at $38,000 after acquiring an additional 125 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

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.