Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) Director Sells 5,201 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry S. Bahrambeygui sold 5,201 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $82.83, for a total transaction of $430,798.83. Following the sale, the director now owns 93,307 shares of the company’s stock, valued at approximately $7,728,618.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

PriceSmart Price Performance

Shares of NASDAQ PSMT traded down $1.38 during mid-day trading on Tuesday, reaching $80.59. 214,580 shares of the company were exchanged, compared to its average volume of 160,070. PriceSmart, Inc. has a 52 week low of $61.82 and a 52 week high of $86.90. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.46 billion, a PE ratio of 20.25 and a beta of 0.92. The company’s 50 day moving average price is $81.99 and its 200 day moving average price is $76.18.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. Sell-side analysts forecast that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be paid a $1.00 dividend. The ex-dividend date is Thursday, April 18th. PriceSmart’s dividend payout ratio is presently 29.15%.

Hedge Funds Weigh In On PriceSmart

Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of PriceSmart in the third quarter valued at about $47,000. TFO Wealth Partners LLC increased its position in shares of PriceSmart by 30,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock valued at $69,000 after acquiring an additional 909 shares during the period. SYSTM Wealth Solutions LLC purchased a new position in shares of PriceSmart during the first quarter valued at about $85,000. CWM LLC increased its position in shares of PriceSmart by 331.4% during the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock valued at $79,000 after buying an additional 802 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of PriceSmart by 93.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,278 shares of the company’s stock valued at $95,000 after buying an additional 616 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PSMT shares. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b-” rating in a research note on Tuesday, January 30th. Jefferies Financial Group lifted their price objective on shares of PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, StockNews.com lowered shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 13th.

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.