PriceSmart, Inc. (NASDAQ:PSMT) COO Sells $725,890.20 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) COO John D. Hildebrandt sold 8,020 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $90.51, for a total transaction of $725,890.20. Following the transaction, the chief operating officer now owns 123,547 shares of the company’s stock, valued at $11,182,238.97. This represents a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PriceSmart Stock Up 0.4 %

NASDAQ PSMT opened at $90.79 on Monday. The business has a fifty day moving average price of $91.40 and a 200 day moving average price of $89.44. 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 company has a market cap of $2.78 billion, a P/E ratio of 20.00 and a beta of 0.86. PriceSmart, Inc. has a one year low of $74.74 and a one year high of $99.23.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results 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 business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. Research analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new stake in shares of PriceSmart in the second quarter valued at approximately $32,000. Heck Capital Advisors LLC purchased a new position in shares of PriceSmart during the 4th quarter worth $53,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of PriceSmart by 3,905.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after acquiring an additional 664 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of PriceSmart by 96.9% in the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after purchasing an additional 405 shares during the period. Finally, nVerses Capital LLC raised its stake in PriceSmart by 66.7% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $92,000 after purchasing an additional 400 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

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.