PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher Sells 1,700 Shares

PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) Director Jeffrey Fisher sold 1,700 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was 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 of the company's stock, valued at $1,606,545. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, February 12th, Jeffrey Fisher sold 200 shares of PriceSmart stock. The stock was sold at an average price of $95.02, for a total transaction of $19,004.00.
• 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 transaction of $465,000.00.

PriceSmart Price Performance

Shares of PSMT stock traded down $2.66 during trading hours on Friday, hitting $91.14. 234,140 shares of the company's stock were exchanged, compared to its average volume of 231,070. The company has a market capitalization of $2.79 billion, a PE ratio of 20.07 and a beta of 0.85. PriceSmart, Inc. has a 12-month low of $77.51 and a 12-month high of $99.23. The business's 50 day simple moving average is $92.22 and its 200-day simple moving average is $90.00. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its earnings results on Wednesday, January 8th. The company reported $1.21 EPS 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 firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.24 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

PriceSmart Dividend Announcement

The business also recently declared 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 is Tuesday, February 18th. PriceSmart's dividend payout ratio (DPR) is currently 25.55%.

Analyst Upgrades and Downgrades

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

Institutional Trading of PriceSmart

A number of hedge funds have recently modified their holdings of PSMT. SG Americas Securities LLC bought a new position in PriceSmart in the 3rd quarter worth about $124,000. GAMMA Investing LLC boosted its stake in PriceSmart by 96.9% in 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. CWM LLC boosted its stake in PriceSmart by 30.4% in the 3rd quarter. CWM LLC now owns 1,632 shares of the company's stock worth $150,000 after purchasing an additional 380 shares in the last quarter. Creative Planning boosted its stake in PriceSmart by 3.2% in the 3rd quarter. Creative Planning now owns 7,720 shares of the company's stock worth $709,000 after purchasing an additional 236 shares in the last quarter. Finally, nVerses Capital LLC boosted its stake in PriceSmart by 66.7% in the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company's stock worth $92,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 80.46% of the company's stock.

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.