PriceSmart, Inc. (NASDAQ:PSMT – Get Free Report) Director Jeffrey Fisher sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $93.00, for a total transaction of $465,000.00. Following the completion of the sale, the director now directly owns 18,611 shares of the company’s stock, valued at approximately $1,730,823. The trade was a 21.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
PriceSmart Trading Up 3.3 %
Shares of NASDAQ:PSMT opened at $94.65 on Tuesday. The business’s 50 day simple moving average is $92.02 and its 200 day simple moving average is $89.88. PriceSmart, Inc. has a 1 year low of $77.51 and a 1 year high of $99.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. The company has a market capitalization of $2.90 billion, a P/E ratio of 20.85 and a beta of 0.85.
PriceSmart (NASDAQ:PSMT – Get Free Report) last released its earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share (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 company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company posted $1.24 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.
PriceSmart Announces Dividend
Institutional Trading of PriceSmart
Institutional investors and hedge funds have recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in PriceSmart in the fourth quarter valued at approximately $53,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of PriceSmart by 3,905.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after purchasing an additional 664 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of PriceSmart by 393.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 715 shares of the company’s stock valued at $65,000 after purchasing an additional 570 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of PriceSmart by 96.9% in the 3rd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after purchasing an additional 405 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of PriceSmart by 17,300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company’s stock worth $80,000 after buying an additional 865 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a report on Monday.
View Our Latest Analysis on PriceSmart
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.
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