Jeffrey Fisher Sells 200 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) Director Jeffrey Fisher sold 200 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $95.02, for a total value of $19,004.00. Following the completion of the transaction, the director now directly owns 16,011 shares in the company, valued at $1,521,365.22. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, February 10th, Jeffrey Fisher sold 1,700 shares of PriceSmart stock. The shares were sold at an average price of $95.00, for a total transaction of $161,500.00.
• On Thursday, January 30th, Jeffrey Fisher sold 5,000 shares of PriceSmart stock. The stock was sold at an average price of $93.00, for a total transaction of $465,000.00.

PriceSmart Stock Performance

Shares of NASDAQ:PSMT traded down $3.11 during mid-day trading on Tuesday, reaching $88.03. 287,324 shares of the company traded hands, compared to its average volume of 231,114. The company's 50 day moving average price is $92.14 and its 200-day moving average price is $90.00. The firm has a market cap of $2.70 billion, a PE ratio of 19.39 and a beta of 0.85. PriceSmart, Inc. has a 52 week low of $77.51 and a 52 week high of $99.23. 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 (NASDAQ:PSMT - Get Free Report) last issued 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). The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. PriceSmart's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. On average, equities analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

PriceSmart Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. PriceSmart's dividend payout ratio is currently 27.75%.

Institutional Investors Weigh In On PriceSmart

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners boosted its stake in shares of PriceSmart by 4,690.8% in the fourth quarter. Boston Partners now owns 297,655 shares of the company's stock worth $27,344,000 after acquiring an additional 291,442 shares during the period. Canada Pension Plan Investment Board boosted its stake in PriceSmart by 70,410.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 282,040 shares of the company's stock worth $25,996,000 after purchasing an additional 281,640 shares during the period. River Road Asset Management LLC purchased a new stake in PriceSmart during the 4th quarter valued at approximately $19,078,000. Price T Rowe Associates Inc. MD raised its position in shares of PriceSmart by 670.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 231,949 shares of the company's stock valued at $21,380,000 after buying an additional 201,841 shares during the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of PriceSmart by 29.2% during the fourth quarter. Copeland Capital Management LLC now owns 621,697 shares of the company's stock valued at $57,302,000 after buying an additional 140,515 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut PriceSmart from a "buy" rating to a "hold" rating in a report on Monday, February 10th.

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.