Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) CFO Sells $350,040.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $87.51, for a total transaction of $350,040.00. Following the transaction, the chief financial officer now owns 67,474 shares in the company, valued at $5,904,649.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

PriceSmart Stock Performance

Shares of PSMT stock opened at $88.50 on Friday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 21.48 and a beta of 0.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. The company has a 50-day simple moving average of $82.66 and a 200 day simple moving average of $81.39. PriceSmart, Inc. has a 52 week low of $61.82 and a 52 week high of $91.28.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, July 10th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 EPS. On average, sell-side analysts predict that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PSMT. Jefferies Financial Group lifted their target price on shares of PriceSmart from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th.

Institutional Trading of PriceSmart

A number of institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC boosted its holdings in PriceSmart by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 9,562 shares of the company’s stock valued at $725,000 after purchasing an additional 147 shares during the period. GAMMA Investing LLC boosted its holdings in PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after purchasing an additional 181 shares during the period. US Bancorp DE boosted its holdings in PriceSmart by 5.2% in the 1st quarter. US Bancorp DE now owns 4,239 shares of the company’s stock valued at $356,000 after purchasing an additional 209 shares during the period. Texas Permanent School Fund Corp boosted its holdings in PriceSmart by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 21,918 shares of the company’s stock valued at $1,841,000 after purchasing an additional 292 shares during the period. Finally, Watershed Asset Management L.L.C. boosted its holdings in PriceSmart by 8.1% in the 4th quarter. Watershed Asset Management L.L.C. now owns 3,900 shares of the company’s stock valued at $296,000 after purchasing an additional 293 shares during the period. 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.