Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) Director Sells 1,075 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Edgar Zurcher sold 1,075 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $79.08, for a total value of $85,011.00. Following the transaction, the director now directly owns 8,822 shares in the company, valued at approximately $697,643.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

PriceSmart Price Performance

Shares of PSMT opened at $79.71 on Tuesday. PriceSmart, Inc. has a fifty-two week low of $61.82 and a fifty-two week high of $86.90. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 20.03 and a beta of 0.92. The firm has a 50-day simple moving average of $81.68 and a 200-day simple moving average of $75.68. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, April 10th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, equities research analysts anticipate that PriceSmart, Inc. will post 4.38 earnings per share for the current year.

PriceSmart Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PSMT shares. TheStreet raised PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th. StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Institutional Investors Weigh In On PriceSmart

Several hedge funds have recently made changes to their positions in the business. Townsquare Capital LLC boosted its stake in shares of PriceSmart by 1.0% during the fourth quarter. Townsquare Capital LLC now owns 13,063 shares of the company’s stock worth $990,000 after buying an additional 131 shares during the period. SummerHaven Investment Management LLC lifted its position in PriceSmart by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 9,562 shares of the company’s stock valued at $725,000 after purchasing an additional 147 shares during the period. Voya Investment Management LLC lifted its position in PriceSmart by 1.4% in the fourth quarter. Voya Investment Management LLC now owns 13,412 shares of the company’s stock valued at $1,016,000 after purchasing an additional 191 shares during the period. Price T Rowe Associates Inc. MD lifted its position in PriceSmart by 0.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 45,160 shares of the company’s stock valued at $3,235,000 after purchasing an additional 200 shares during the period. Finally, Rafferty Asset Management LLC lifted its position in PriceSmart by 5.1% in the third quarter. Rafferty Asset Management LLC now owns 4,270 shares of the company’s stock valued at $318,000 after purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

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.