Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) EVP Sells $89,171.40 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP John D. Hildebrandt sold 1,347 shares of PriceSmart stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $66.20, for a total value of $89,171.40. Following the completion of the transaction, the executive vice president now directly owns 14,352 shares of the company’s stock, valued at $950,102.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:PSMT opened at $66.53 on Monday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 25.89 and a beta of 0.99. PriceSmart, Inc. has a 1-year low of $41.15 and a 1-year high of $79.90. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $60.01 and a two-hundred day moving average price of $58.50.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Thursday, July 9th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.14. The firm had revenue of $799.90 million during the quarter, compared to analysts’ expectations of $693.45 million. PriceSmart had a return on equity of 9.67% and a net margin of 2.37%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS.

PSMT has been the subject of a number of research analyst reports. Scotiabank lifted their price target on PriceSmart from $65.00 to $78.00 and gave the company a “sector perform” rating in a report on Friday, July 10th. BidaskClub raised PriceSmart from a “sell” rating to a “hold” rating in a report on Saturday, July 11th.

Several institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC grew its position in shares of PriceSmart by 2.2% during the 4th quarter. Mason Street Advisors LLC now owns 7,764 shares of the company’s stock worth $551,000 after buying an additional 169 shares during the period. New York State Teachers Retirement System grew its position in shares of PriceSmart by 2.3% during the 2nd quarter. New York State Teachers Retirement System now owns 9,044 shares of the company’s stock worth $546,000 after buying an additional 200 shares during the period. Strs Ohio grew its position in shares of PriceSmart by 9.5% during the 2nd quarter. Strs Ohio now owns 2,300 shares of the company’s stock worth $138,000 after buying an additional 200 shares during the period. Parallel Advisors LLC grew its position in shares of PriceSmart by 40.5% during the 2nd quarter. Parallel Advisors LLC now owns 725 shares of the company’s stock worth $43,000 after buying an additional 209 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of PriceSmart by 3.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,938 shares of the company’s stock worth $417,000 after buying an additional 239 shares during the period. Institutional investors own 74.41% of the company’s stock.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

Further Reading: Current Ratio

Insider Buying and Selling by Quarter for PriceSmart (NASDAQ:PSMT)

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