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

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $95.02, for a total transaction of $19,004.00. Following the sale, the director now owns 16,011 shares of the company’s stock, valued at $1,521,365.22. This trade represents a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $95.00, for a total value 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 value of $465,000.00.

PriceSmart Stock Down 2.8 %

NASDAQ PSMT opened at $91.14 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 20.07 and a beta of 0.85. The company has a 50 day moving average of $92.22 and a 200-day moving average of $90.00. PriceSmart, Inc. has a 1-year low of $77.51 and a 1-year high of $99.23.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. PriceSmart’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. On average, equities research analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, February 18th. PriceSmart’s dividend payout ratio is 25.55%.

Hedge Funds Weigh In On PriceSmart

Several hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of PriceSmart by 227.3% during the 3rd quarter. Barclays PLC now owns 46,710 shares of the company’s stock worth $4,287,000 after acquiring an additional 32,438 shares during the period. Stifel Financial Corp raised its position in PriceSmart by 18.4% during the third quarter. Stifel Financial Corp now owns 39,513 shares of the company’s stock valued at $3,627,000 after purchasing an additional 6,137 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in PriceSmart by 47.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company’s stock worth $1,677,000 after purchasing an additional 5,818 shares during the last quarter. Burney Co. acquired a new stake in shares of PriceSmart in the 4th quarter valued at $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% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,096 shares of the company’s stock valued at $4,873,000 after purchasing an additional 503 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Monday, February 10th.

About PriceSmart

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.