PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $85,011.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Edgar Zurcher sold 1,075 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $79.08, for a total value of $85,011.00. Following the completion of the transaction, the director now owns 8,822 shares of the company’s stock, valued at $697,643.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PriceSmart Stock Performance

PriceSmart stock opened at $79.39 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The stock has a fifty day moving average price of $81.75 and a two-hundred day moving average price of $75.73. PriceSmart, Inc. has a 52-week low of $61.82 and a 52-week high of $86.90. The firm has a market capitalization of $2.42 billion, a P/E ratio of 19.95 and a beta of 0.92.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, analysts anticipate that PriceSmart, Inc. will post 4.38 EPS for the current fiscal year.

PriceSmart Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, April 18th. PriceSmart’s dividend payout ratio is currently 29.15%.

Institutional Trading of PriceSmart

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in shares of PriceSmart in the first quarter valued at $37,000. Headlands Technologies LLC acquired a new stake in shares of PriceSmart in the third quarter valued at $47,000. Tower Research Capital LLC TRC increased its stake in shares of PriceSmart by 80.3% in the first quarter. Tower Research Capital LLC TRC now owns 759 shares of the company’s stock valued at $54,000 after buying an additional 338 shares in the last quarter. TFO Wealth Partners LLC increased its stake in shares of PriceSmart by 30,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock valued at $69,000 after buying an additional 909 shares in the last quarter. Finally, CWM LLC increased its stake in shares of PriceSmart by 331.4% in the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock valued at $79,000 after buying an additional 802 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PSMT. StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 13th. TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a research note on Tuesday, January 30th.

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.