PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $169,120.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT - Get Free Report) Director Sherry S. Bahrambeygui sold 2,000 shares of the company's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $84.56, for a total value of $169,120.00. Following the completion of the sale, the director now owns 89,738 shares of the company's stock, valued at $7,588,245.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

PriceSmart Stock Down 0.4 %

NASDAQ:PSMT traded down $0.36 during mid-day trading on Thursday, hitting $85.40. 103,571 shares of the company's stock traded hands, compared to its average volume of 156,735. The company has a fifty day moving average of $82.06 and a 200 day moving average of $76.60. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $86.90. The company has a market capitalization of $2.62 billion, a P/E ratio of 21.50 and a beta of 0.92. 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 - Get Free Report) last announced its earnings results on Wednesday, April 10th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $1.25 EPS. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. On average, analysts forecast that PriceSmart, Inc. will post 4.64 EPS for the current year.

PriceSmart Announces Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, April 18th. PriceSmart's dividend payout ratio is currently 29.15%.

Analyst Ratings Changes

PSMT has been the subject of a number of analyst reports. TheStreet upgraded PriceSmart from a "c+" rating to a "b-" rating in a research note on Tuesday, January 30th. Jefferies Financial Group upped their price objective on 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 cut PriceSmart from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 13th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of PriceSmart in the third quarter valued at about $47,000. TFO Wealth Partners LLC increased its holdings in shares of PriceSmart by 30,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company's stock valued at $69,000 after purchasing an additional 909 shares during the period. SYSTM Wealth Solutions LLC acquired a new position in shares of PriceSmart in the first quarter valued at about $85,000. CWM LLC increased its holdings in shares of PriceSmart by 331.4% in the fourth quarter. CWM LLC now owns 1,044 shares of the company's stock valued at $79,000 after purchasing an additional 802 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of PriceSmart in the first quarter valued at about $117,000. 80.46% of the stock is owned by institutional investors and hedge funds.

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.

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