Michael Mccleary Sells 4,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of PriceSmart stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $89.67, for a total transaction of $358,680.00. Following the transaction, the chief financial officer now directly owns 58,141 shares in the company, valued at approximately $5,213,503.47. This represents a 6.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Michael Mccleary also recently made the following trade(s):

• On Tuesday, November 12th, Michael Mccleary sold 4,000 shares of PriceSmart stock. The stock was sold at an average price of $89.62, for a total value of $358,480.00.

PriceSmart Stock Performance

Shares of PSMT opened at $90.45 on Friday. The firm has a market cap of $2.77 billion, a P/E ratio of 19.92 and a beta of 0.86. PriceSmart, Inc. has a twelve month low of $74.74 and a twelve month 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 firm’s 50 day moving average price is $91.28 and its two-hundred day moving average price is $89.19.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 EPS 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 the consensus estimate of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. On average, analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded PriceSmart from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PSMT. Barclays PLC boosted its position in 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 last quarter. Stifel Financial Corp boosted its holdings in PriceSmart by 18.4% during the third quarter. Stifel Financial Corp now owns 39,513 shares of the company’s stock worth $3,627,000 after purchasing an additional 6,137 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in PriceSmart by 47.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company’s stock valued at $1,677,000 after purchasing an additional 5,818 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in PriceSmart by 1.0% during 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 worth $4,873,000 after buying an additional 503 shares in the last quarter. Finally, Burney Co. acquired a new position in shares of PriceSmart during the 4th quarter worth about $5,030,000. 80.46% of the stock is owned by institutional investors and hedge funds.

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.