Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) Director Sells 1,700 Shares of Stock

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

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

• 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 Trading Down 1.4 %

Shares of PSMT opened at $93.55 on Thursday. PriceSmart, Inc. has a fifty-two week low of $77.51 and a fifty-two week high of $99.23. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 20.61 and a beta of 0.85. The firm has a 50 day moving average price of $92.15 and a 200-day moving average price of $89.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.22). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

PriceSmart Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Investors 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 payout ratio is 25.55%.

Hedge Funds Weigh In On PriceSmart

Large investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of PriceSmart by 227.3% in the third quarter. Barclays PLC now owns 46,710 shares of the company’s stock worth $4,287,000 after purchasing an additional 32,438 shares during the last quarter. Stifel Financial Corp increased its position in shares of PriceSmart by 18.4% in the third quarter. Stifel Financial Corp now owns 39,513 shares of the company’s stock valued at $3,627,000 after acquiring an additional 6,137 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of PriceSmart by 47.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company’s stock valued at $1,677,000 after acquiring an additional 5,818 shares during the last quarter. Burney Co. purchased a new stake in shares of PriceSmart during the fourth quarter worth about $5,030,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of PriceSmart by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,096 shares of the company’s stock worth $4,873,000 after purchasing an additional 503 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut PriceSmart from a “buy” rating to a “hold” rating in a report on Monday.

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.