PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $74,828.82 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson sold 937 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $79.86, for a total value of $74,828.82. Following the sale, the director now owns 7,969 shares of the company’s stock, valued at $636,404.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PriceSmart Price Performance

NASDAQ PSMT opened at $80.42 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The stock’s 50-day moving average is $81.79 and its two-hundred day moving average is $75.76. The firm has a market cap of $2.45 billion, a P/E ratio of 20.21 and a beta of 0.92. PriceSmart, Inc. has a fifty-two week low of $61.82 and a fifty-two week high of $86.90.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. On average, analysts anticipate that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

The firm also recently disclosed a None dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be paid a $1.00 dividend. The ex-dividend date is Thursday, April 18th. PriceSmart’s payout ratio is presently 29.15%.

Hedge Funds Weigh In On PriceSmart

A number of institutional investors have recently made changes to their positions in PSMT. Point72 Hong Kong Ltd bought a new position in shares of PriceSmart in the first quarter worth about $37,000. Headlands Technologies LLC acquired a new stake in PriceSmart during the third quarter worth about $47,000. Tower Research Capital LLC TRC grew its position in PriceSmart by 80.3% during the first quarter. Tower Research Capital LLC TRC now owns 759 shares of the company’s stock worth $54,000 after buying an additional 338 shares in the last quarter. TFO Wealth Partners LLC grew its position in PriceSmart by 30,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock worth $69,000 after buying an additional 909 shares in the last quarter. Finally, CWM LLC grew its position in PriceSmart by 331.4% during the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock worth $79,000 after buying an additional 802 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PSMT shares. Jefferies Financial Group raised their target price on PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 13th. Finally, TheStreet upgraded PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th.

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.