Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) Director Sells 5,478 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 5,478 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $90.83, for a total value of $497,566.74. Following the completion of the sale, the director now directly owns 21,646 shares of the company’s stock, valued at approximately $1,966,106.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

PriceSmart Stock Performance

Shares of PSMT stock opened at $90.19 on Friday. PriceSmart, Inc. has a fifty-two week low of $64.94 and a fifty-two week high of $94.82. The stock’s 50-day moving average is $89.81 and its two-hundred day moving average is $85.92. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. The firm has a market cap of $2.77 billion, a P/E ratio of 19.74 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. Analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PriceSmart

A number of large investors have recently bought and sold shares of PSMT. Texas Permanent School Fund Corp lifted 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 worth $1,841,000 after purchasing an additional 292 shares during the last quarter. LSV Asset Management grew its stake in PriceSmart by 938.5% in the 1st quarter. LSV Asset Management now owns 181,971 shares of the company’s stock valued at $15,286,000 after buying an additional 164,449 shares during the last quarter. SG Americas Securities LLC acquired a new position in PriceSmart in the 1st quarter valued at $117,000. Oppenheimer & Co. Inc. raised its holdings in PriceSmart by 13.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 12,265 shares of the company’s stock worth $1,030,000 after acquiring an additional 1,500 shares during the period. Finally, Horizon Investment Services LLC acquired a new position in PriceSmart during the 1st quarter worth $538,000. 80.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

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.