Jeffrey Fisher Sells 1,700 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 1,700 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $95.00, for a total value of $161,500.00. Following the completion of the transaction, the director now owns 16,911 shares in the company, valued at $1,606,545. This represents a 9.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeffrey Fisher also recently made the following trade(s):

• On Thursday, January 30th, Jeffrey Fisher sold 5,000 shares of PriceSmart stock. The stock was sold at an average price of $93.00, for a total transaction of $465,000.00.

PriceSmart Stock Performance

Shares of PriceSmart stock opened at $93.80 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 20.66 and a beta of 0.85. The stock’s 50-day moving average is $92.15 and its 200-day moving average is $89.95. PriceSmart, Inc. has a one year low of $77.51 and a one year high of $99.23.

PriceSmart (NASDAQ:PSMT) last released 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). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the business posted $1.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, February 18th. PriceSmart’s dividend payout ratio is currently 27.75%.

Hedge Funds Weigh In On PriceSmart

Hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its stake in PriceSmart by 70,410.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 282,040 shares of the company’s stock valued at $25,996,000 after acquiring an additional 281,640 shares during the last quarter. Mariner LLC grew its holdings in PriceSmart by 10.2% during the fourth quarter. Mariner LLC now owns 2,636 shares of the company’s stock worth $243,000 after purchasing an additional 245 shares during the period. Sterling Capital Management LLC increased its position in PriceSmart by 536.7% during the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company’s stock worth $29,000 after buying an additional 263 shares during the last quarter. Neuberger Berman Group LLC raised its stake in PriceSmart by 7.7% in the fourth quarter. Neuberger Berman Group LLC now owns 12,803 shares of the company’s stock valued at $1,180,000 after buying an additional 910 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of PriceSmart in the fourth quarter valued at approximately $591,000. 80.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a report on Monday.

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.