PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $96,552.54 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson sold 1,107 shares of PriceSmart stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $87.22, for a total value of $96,552.54. Following the sale, the director now owns 6,862 shares in the company, valued at $598,503.64. This represents a 13.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PriceSmart Price Performance

Shares of PSMT opened at $87.12 on Friday. PriceSmart, Inc. has a fifty-two week low of $74.74 and a fifty-two week high of $99.23. The firm’s 50-day simple moving average is $91.36 and its two-hundred day simple moving average is $88.86. The stock has a market cap of $2.67 billion, a PE ratio of 19.19 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.26.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 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 company 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% compared to the same quarter last year. Analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On PriceSmart

Institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its holdings in shares of PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after acquiring an additional 664 shares in the last quarter. Burney Co. purchased a new stake in PriceSmart during the 4th quarter valued at about $5,030,000. West Oak Capital LLC increased its stake in PriceSmart by 48,368.6% during the 4th quarter. West Oak Capital LLC now owns 16,964 shares of the company’s stock valued at $1,564,000 after purchasing an additional 16,929 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in PriceSmart by 47.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company’s stock worth $1,677,000 after buying an additional 5,818 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in PriceSmart by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 42,955 shares of the company’s stock worth $3,942,000 after buying an additional 3,406 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other 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.