PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson Sells 1,107 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson sold 1,107 shares of PriceSmart stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $87.22, for a total value of $96,552.54. Following the completion of the transaction, the director now directly owns 6,862 shares in the company, valued at $598,503.64. This trade represents a 13.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PriceSmart Price Performance

PSMT stock opened at $87.12 on Friday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 19.19 and a beta of 0.86. The firm’s 50-day moving average price is $91.36 and its two-hundred day moving average price is $88.86. The company has a current ratio of 1.26, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 12-month low of $74.74 and a 12-month high of $99.23.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. As a group, equities analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On PriceSmart

Several hedge funds have recently made changes to their positions in PSMT. MassMutual Private Wealth & Trust FSB lifted its stake in PriceSmart by 3,905.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock worth $63,000 after acquiring an additional 664 shares during the period. Burney Co. purchased a new position in PriceSmart during the 4th quarter valued at $5,030,000. West Oak Capital LLC raised its holdings in PriceSmart by 48,368.6% in the 4th quarter. West Oak Capital LLC now owns 16,964 shares of the company’s stock worth $1,564,000 after purchasing an additional 16,929 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of PriceSmart by 47.0% in the 4th 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 period. Finally, JPMorgan Chase & Co. boosted its stake in shares of PriceSmart by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 42,955 shares of the company’s stock valued at $3,942,000 after purchasing an additional 3,406 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Company Profile

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.