Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) EVP Sells 827 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) EVP Francisco Velasco sold 827 shares of the business's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $91.03, for a total value of $75,281.81. Following the completion of the sale, the executive vice president now directly owns 84,385 shares of the company's stock, valued at $7,681,566.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Francisco Velasco also recently made the following trade(s):

• On Thursday, August 29th, Francisco Velasco sold 670 shares of PriceSmart stock. The shares were sold at an average price of $89.05, for a total value of $59,663.50.
• On Tuesday, July 16th, Francisco Velasco sold 1,298 shares of PriceSmart stock. The stock was sold at an average price of $87.00, for a total transaction of $112,926.00.

PriceSmart Stock Performance

NASDAQ:PSMT traded up $0.05 during mid-day trading on Friday, hitting $91.16. 98,805 shares of the company's stock traded hands, compared to its average volume of 150,744. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 22.13 and a beta of 0.84. The firm has a 50 day moving average of $87.84 and a two-hundred day moving average of $84.67. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. PriceSmart, Inc. has a 12 month low of $61.82 and a 12 month high of $93.18.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 10th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.07. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.21 billion. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. PriceSmart's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 earnings per share. On average, equities analysts forecast that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of PriceSmart from a "buy" rating to a "strong-buy" rating in a report on Friday, August 9th.

Institutional Trading of PriceSmart

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CHICAGO TRUST Co NA bought a new stake in shares of PriceSmart in the third quarter valued at about $252,000. CWM LLC raised its holdings in PriceSmart by 30.4% in the 3rd quarter. CWM LLC now owns 1,632 shares of the company's stock valued at $150,000 after acquiring an additional 380 shares in the last quarter. Diversified Trust Co lifted its position in shares of PriceSmart by 3.2% in the 3rd quarter. Diversified Trust Co now owns 8,168 shares of the company's stock worth $750,000 after acquiring an additional 257 shares during the period. GAMMA Investing LLC grew its holdings in shares of PriceSmart by 96.9% during the 3rd quarter. GAMMA Investing LLC now owns 823 shares of the company's stock worth $76,000 after purchasing an additional 405 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of PriceSmart by 11.7% during the third quarter. Handelsbanken Fonder AB now owns 6,658 shares of the company's stock valued at $611,000 after purchasing an additional 700 shares during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.

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.