Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) Director Sells 5,000 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) Director Jeffrey Fisher sold 5,000 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $93.00, for a total transaction of $465,000.00. Following the sale, the director now directly owns 18,611 shares in the company, valued at $1,730,823. This trade represents a 21.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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.

PriceSmart Price Performance

Shares of NASDAQ:PSMT traded up $0.25 during trading on Thursday, reaching $93.80. The stock had a trading volume of 138,917 shares, compared to its average volume of 229,073. The business has a fifty day moving average price of $92.15 and a 200-day moving average price of $89.95. PriceSmart, Inc. has a 1-year low of $77.51 and a 1-year high of $99.23. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26. The stock has a market cap of $2.88 billion, a PE ratio of 20.66 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.22). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. PriceSmart's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. On average, equities analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

PriceSmart Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, February 18th. PriceSmart's dividend payout ratio (DPR) is presently 25.55%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On PriceSmart

Several institutional investors have recently modified their holdings of PSMT. Barclays PLC raised its stake in shares of PriceSmart by 227.3% in the third quarter. Barclays PLC now owns 46,710 shares of the company's stock valued at $4,287,000 after acquiring an additional 32,438 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of PriceSmart by 18.4% in the 3rd quarter. Stifel Financial Corp now owns 39,513 shares of the company's stock valued at $3,627,000 after buying an additional 6,137 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of PriceSmart by 47.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company's stock valued at $1,677,000 after buying an additional 5,818 shares during the period. Burney Co. acquired a new position 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 increased its stake in shares of PriceSmart by 1.0% during 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 buying an additional 503 shares during the period. Institutional investors and hedge funds 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.