Jeffrey Fisher Sells 1,700 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 1,700 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $95.00, for a total value of $161,500.00. Following the transaction, the director now owns 16,911 shares of the company’s stock, valued at $1,606,545. This represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Fisher also recently made the following trade(s):

• On Thursday, January 30th, Jeffrey Fisher sold 5,000 shares of PriceSmart stock. The stock was sold at an average price of $93.00, for a total transaction of $465,000.00.

PriceSmart Stock Up 0.3 %

NASDAQ PSMT opened at $93.80 on Friday. The stock’s 50 day simple moving average is $92.15 and its 200 day simple moving average is $89.95. PriceSmart, Inc. has a one year low of $77.51 and a one year high of $99.23. The firm has a market cap of $2.88 billion, a PE ratio of 20.66 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43.

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

PriceSmart Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. PriceSmart’s payout ratio is presently 27.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a research report on Monday.

Hedge Funds Weigh In On PriceSmart

Large investors have recently modified their holdings of the stock. EdgePoint Investment Group Inc. increased its holdings in shares of PriceSmart by 2.7% in the third quarter. EdgePoint Investment Group Inc. now owns 2,818,927 shares of the company’s stock valued at $258,721,000 after purchasing an additional 74,201 shares in the last quarter. American Century Companies Inc. boosted its position in PriceSmart by 4.1% in the 4th quarter. American Century Companies Inc. now owns 1,230,696 shares of the company’s stock valued at $113,434,000 after buying an additional 48,108 shares during the last quarter. FMR LLC increased its stake in shares of PriceSmart by 1.8% in the 4th quarter. FMR LLC now owns 1,204,566 shares of the company’s stock valued at $111,025,000 after buying an additional 21,827 shares during the period. Geode Capital Management LLC raised its position in shares of PriceSmart by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 692,864 shares of the company’s stock worth $63,874,000 after acquiring an additional 7,994 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its stake in shares of PriceSmart by 29.2% during the fourth quarter. Copeland Capital Management LLC now owns 621,697 shares of the company’s stock valued at $57,302,000 after acquiring an additional 140,515 shares during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.

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.