PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher Sells 200 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $95.02, for a total value of $19,004.00. Following the completion of the sale, the director now directly owns 16,011 shares of the company’s stock, valued at approximately $1,521,365.22. The trade was a 1.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, February 10th, Jeffrey Fisher sold 1,700 shares of PriceSmart stock. The shares were sold at an average price of $95.00, for a total value of $161,500.00.
• On Thursday, January 30th, Jeffrey Fisher sold 5,000 shares of PriceSmart stock. The shares were sold at an average price of $93.00, for a total value of $465,000.00.

PriceSmart Stock Down 2.8 %

PSMT opened at $91.14 on Friday. The business has a 50 day moving average price of $92.22 and a 200 day moving average price of $90.00. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $99.23. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26. The firm has a market cap of $2.79 billion, a P/E ratio of 20.07 and a beta of 0.85.

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

PriceSmart Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. PriceSmart’s dividend payout ratio (DPR) is currently 25.55%.

Institutional Investors Weigh In On PriceSmart

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSMT. AQR Capital Management LLC lifted its holdings in shares of PriceSmart by 6.2% during the fourth quarter. AQR Capital Management LLC now owns 62,124 shares of the company’s stock worth $5,726,000 after buying an additional 3,628 shares during the last quarter. Lido Advisors LLC acquired a new position in shares of PriceSmart during the fourth quarter worth approximately $260,000. Northern Trust Corp lifted its holdings in shares of PriceSmart by 13.0% during the fourth quarter. Northern Trust Corp now owns 354,720 shares of the company’s stock worth $32,695,000 after buying an additional 40,927 shares during the last quarter. Nitorum Capital L.P. lifted its holdings in shares of PriceSmart by 2.4% during the fourth quarter. Nitorum Capital L.P. now owns 258,617 shares of the company’s stock worth $23,837,000 after buying an additional 5,954 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of PriceSmart during the fourth quarter worth approximately $2,056,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut PriceSmart from a “buy” rating to a “hold” rating in a research note on Monday, February 10th.

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.