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

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson sold 937 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $79.86, for a total transaction of $74,828.82. Following the transaction, the director now owns 7,969 shares in the company, valued at approximately $636,404.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PriceSmart Price Performance

Shares of PSMT opened at $78.20 on Wednesday. The business’s fifty day moving average is $81.71 and its 200 day moving average is $75.71. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month high of $86.90. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.40 billion, a P/E ratio of 19.65 and a beta of 0.92.

PriceSmart (NASDAQ:PSMT) last issued 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. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $1.25 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Sell-side analysts anticipate that PriceSmart, Inc. will post 4.38 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

The company 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 $1.00 dividend. The ex-dividend date is Thursday, April 18th. PriceSmart’s payout ratio is 29.15%.

Analysts Set New Price Targets

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

Institutional Trading of PriceSmart

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of PriceSmart by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,177,335 shares of the company’s stock worth $236,489,000 after acquiring an additional 133,814 shares in the last quarter. Tudor Investment Corp Et Al grew its stake in shares of PriceSmart by 43.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 63,803 shares of the company’s stock worth $4,749,000 after acquiring an additional 19,311 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of PriceSmart by 77.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 41,675 shares of the company’s stock worth $3,102,000 after acquiring an additional 18,249 shares in the last quarter. American Century Companies Inc. grew its position in PriceSmart by 114.4% during the third quarter. American Century Companies Inc. now owns 492,976 shares of the company’s stock valued at $36,692,000 after buying an additional 263,016 shares during the period. Finally, RWC Asset Management LLP bought a new position in PriceSmart during the third quarter valued at about $4,778,000. Institutional investors 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.