PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary Sells 4,000 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $89.67, for a total value of $358,680.00. Following the transaction, the chief financial officer now directly owns 58,141 shares in the company, valued at $5,213,503.47. The trade was a 6.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Michael Mccleary also recently made the following trade(s):

• On Tuesday, November 12th, Michael Mccleary sold 4,000 shares of PriceSmart stock. The stock was sold at an average price of $89.62, for a total transaction of $358,480.00.

PriceSmart Trading Up 0.2 %

Shares of NASDAQ PSMT opened at $90.64 on Thursday. PriceSmart, Inc. has a 1-year low of $74.74 and a 1-year high of $99.23. The business has a fifty day moving average price of $91.28 and a 200 day moving average price of $89.19. The stock has a market capitalization of $2.78 billion, a P/E ratio of 19.96 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43.

PriceSmart (NASDAQ:PSMT) last released its quarterly 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. Equities research analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research report on Friday, January 10th.

Hedge Funds Weigh In On PriceSmart

Institutional investors and hedge funds have recently bought and sold shares of the company. Copeland Capital Management LLC boosted its position in shares of PriceSmart by 18.7% in the 3rd quarter. Copeland Capital Management LLC now owns 481,182 shares of the company’s stock worth $44,163,000 after purchasing an additional 75,896 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in PriceSmart by 2.7% in the third quarter. EdgePoint Investment Group Inc. now owns 2,818,927 shares of the company’s stock worth $258,721,000 after acquiring an additional 74,201 shares in the last quarter. FMR LLC grew its stake in shares of PriceSmart by 5.9% during the third quarter. FMR LLC now owns 1,182,739 shares of the company’s stock worth $108,552,000 after acquiring an additional 65,492 shares during the last quarter. Burney Co. acquired a new position in shares of PriceSmart during the fourth quarter valued at about $5,030,000. Finally, AQR Capital Management LLC raised its position in shares of PriceSmart by 179.1% in the 2nd quarter. AQR Capital Management LLC now owns 57,052 shares of the company’s stock valued at $4,633,000 after purchasing an additional 36,614 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

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.