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

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $89.62, for a total transaction of $358,480.00. Following the sale, the chief financial officer now owns 62,141 shares of the company’s stock, valued at $5,569,076.42. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

PriceSmart Trading Up 0.3 %

NASDAQ PSMT traded up $0.24 on Friday, hitting $88.34. 7,075 shares of the stock were exchanged, compared to its average volume of 149,926. PriceSmart, Inc. has a 52-week low of $66.79 and a 52-week high of $94.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 19.28 and a beta of 0.85. The company’s 50-day moving average price is $89.87 and its two-hundred day moving average price is $86.12.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.07). PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Research analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current year.

Institutional Investors Weigh In On PriceSmart

Institutional investors have recently modified their holdings of the stock. Jupiter Asset Management Ltd. acquired a new stake in shares of PriceSmart during the 1st quarter valued at $2,673,000. Simplicity Wealth LLC acquired a new stake in shares of PriceSmart during the 2nd quarter valued at $1,202,000. Tidal Investments LLC acquired a new stake in shares of PriceSmart during the 1st quarter valued at $780,000. Acadian Asset Management LLC boosted its stake in shares of PriceSmart by 20.0% during the 2nd quarter. Acadian Asset Management LLC now owns 63,940 shares of the company’s stock valued at $5,183,000 after buying an additional 10,673 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of PriceSmart by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company’s stock valued at $287,671,000 after purchasing an additional 105,405 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a report 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.