PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $120,780.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) Director Sherry S. Bahrambeygui sold 1,500 shares of the business's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $80.52, for a total transaction of $120,780.00. Following the completion of the transaction, the director now directly owns 98,508 shares of the company's stock, valued at $7,931,864.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PriceSmart Trading Up 0.6 %

Shares of PSMT traded up $0.48 on Monday, reaching $81.97. 137,071 shares of the company's stock were exchanged, compared to its average volume of 159,405. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.50 billion, a P/E ratio of 20.60 and a beta of 0.92. The business has a 50 day moving average price of $81.98 and a two-hundred day moving average price of $76.13. PriceSmart, Inc. has a 12 month low of $61.82 and a 12 month high of $86.90.

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

PriceSmart Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, April 18th. PriceSmart's dividend payout ratio is currently 29.15%.

Analyst Ratings Changes

A number of equities analysts have weighed in on PSMT shares. TheStreet raised shares of PriceSmart from a "c+" rating to a "b-" rating in a research note on Tuesday, January 30th. Jefferies Financial Group boosted their price target on shares of PriceSmart from $82.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. Finally, StockNews.com downgraded shares of PriceSmart from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PSMT. American Century Companies Inc. grew its holdings 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 purchasing an additional 263,016 shares during the period. Vanguard Group Inc. grew its holdings in PriceSmart by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company's stock valued at $251,533,000 after purchasing an additional 141,920 shares during the period. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in PriceSmart during the third quarter valued at approximately $7,951,000. Fourth Sail Capital LP acquired a new position in PriceSmart during the fourth quarter valued at approximately $7,738,000. Finally, UBS Group AG grew its holdings in PriceSmart by 2,132.7% during the fourth quarter. UBS Group AG now owns 88,015 shares of the company's stock valued at $6,670,000 after purchasing an additional 84,073 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.