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

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $89.62, for a total value of $358,480.00. Following the transaction, the chief financial officer now owns 62,141 shares of the company’s stock, valued at $5,569,076.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PriceSmart Stock Down 1.4 %

NASDAQ:PSMT traded down $1.29 during trading hours on Thursday, hitting $88.22. 16,194 shares of the company’s stock traded hands, compared to its average volume of 150,165. PriceSmart, Inc. has a twelve month low of $66.79 and a twelve month high of $94.82. The firm has a market cap of $2.71 billion, a P/E ratio of 19.59 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.22. The stock’s fifty day moving average price is $89.89 and its two-hundred day moving average price is $86.11.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PriceSmart

Several institutional investors have recently made changes to their positions in the company. Jupiter Asset Management Ltd. acquired a new stake in shares of PriceSmart in the first quarter worth $2,673,000. Simplicity Wealth LLC bought a new stake in shares of PriceSmart in the 2nd quarter valued at approximately $1,202,000. Tidal Investments LLC acquired a new stake in PriceSmart in the 1st quarter valued at $780,000. Acadian Asset Management LLC grew its position in PriceSmart by 20.0% in the second quarter. Acadian Asset Management LLC now owns 63,940 shares of the company’s stock valued at $5,183,000 after acquiring an additional 10,673 shares during the period. Finally, Vanguard Group Inc. raised its stake in PriceSmart by 3.2% during the first quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company’s stock worth $287,671,000 after acquiring an additional 105,405 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

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.