Edgar Zurcher Sells 1,075 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Edgar Zurcher sold 1,075 shares of PriceSmart stock in a transaction on Friday, April 12th. The stock was sold at an average price of $79.08, for a total transaction of $85,011.00. Following the sale, the director now owns 8,822 shares in the company, valued at approximately $697,643.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

PriceSmart Price Performance

Shares of PSMT stock opened at $78.20 on Wednesday. The stock’s fifty day simple moving average is $81.71 and its 200 day simple moving average is $75.71. PriceSmart, Inc. has a one year low of $61.82 and a one year high of $86.90. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 19.65 and a beta of 0.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.24 by $0.07. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts expect that PriceSmart, Inc. will post 4.38 earnings per share for the current fiscal year.

PriceSmart Announces Dividend

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

Institutional Trading of PriceSmart

Several hedge funds have recently modified their holdings of PSMT. Point72 Hong Kong Ltd bought a new stake in PriceSmart during the 1st quarter worth approximately $37,000. Headlands Technologies LLC acquired a new position in PriceSmart in the third quarter worth $47,000. Tower Research Capital LLC TRC grew its holdings in shares of PriceSmart by 80.3% during the first quarter. Tower Research Capital LLC TRC now owns 759 shares of the company’s stock worth $54,000 after purchasing an additional 338 shares during the last quarter. TFO Wealth Partners LLC grew its holdings in shares of PriceSmart by 30,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock worth $69,000 after purchasing an additional 909 shares during the last quarter. Finally, CWM LLC increased its stake in shares of PriceSmart by 331.4% in 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 in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

PSMT has been the topic of several recent research reports. StockNews.com lowered shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Saturday. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b-” rating in a research note on Tuesday, January 30th.

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.