PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher Sells 5,000 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 owns 18,611 shares in the company, valued at $1,730,823. This represents a 21.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PriceSmart Stock Performance

Shares of PSMT stock opened at $94.65 on Tuesday. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 20.85 and a beta of 0.85. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average price is $92.02 and its 200-day moving average price is $89.88. PriceSmart, Inc. has a 12 month low of $77.51 and a 12 month high of $99.23.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. Equities research analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.63 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 15th. PriceSmart’s dividend payout ratio is currently 25.55%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut PriceSmart from a “buy” rating to a “hold” rating in a research note on Monday.

Institutional Investors Weigh In On PriceSmart

A number of institutional investors have recently made changes to their positions in PSMT. The Manufacturers Life Insurance Company lifted its stake in shares of PriceSmart by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 13,600 shares of the company’s stock worth $1,104,000 after acquiring an additional 365 shares during the period. SG Americas Securities LLC acquired a new position in shares of PriceSmart in the 3rd quarter worth approximately $124,000. Handelsbanken Fonder AB boosted its stake in shares of PriceSmart by 11.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 6,658 shares of the company’s stock valued at $611,000 after purchasing an additional 700 shares during the last quarter. GAMMA Investing LLC boosted 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, CWM LLC increased its position in shares of PriceSmart by 30.4% during the third quarter. CWM LLC now owns 1,632 shares of the company’s stock worth $150,000 after buying an additional 380 shares during the period. Institutional investors own 80.46% of the company’s stock.

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.