Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $120,780.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Sherry S. Bahrambeygui sold 1,500 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $80.52, for a total value of $120,780.00. Following the completion of the sale, the director now directly owns 98,508 shares of the company’s stock, valued at $7,931,864.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

PriceSmart Stock Up 1.2 %

Shares of NASDAQ:PSMT opened at $81.55 on Thursday. The company has a market capitalization of $2.50 billion, a PE ratio of 20.49 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. The business has a fifty day moving average price of $82.00 and a two-hundred day moving average price of $76.22. PriceSmart, Inc. has a 1 year low of $61.82 and a 1 year high of $86.90.

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

PriceSmart Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on PSMT. Jefferies Financial Group increased their price target on PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th. Finally, TheStreet raised PriceSmart from a “c+” rating to a “b-” rating in a research report on Tuesday, January 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of PriceSmart by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,177,335 shares of the company’s stock worth $236,489,000 after acquiring an additional 133,814 shares during the period. Tudor Investment Corp Et Al grew its stake in shares of PriceSmart by 43.4% during the 3rd quarter. Tudor Investment Corp Et Al now owns 63,803 shares of the company’s stock worth $4,749,000 after acquiring an additional 19,311 shares during the period. Teacher Retirement System of Texas grew its stake in shares of PriceSmart by 77.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 41,675 shares of the company’s stock worth $3,102,000 after acquiring an additional 18,249 shares during the period. American Century Companies Inc. grew its stake in shares of PriceSmart by 114.4% during the 3rd quarter. American Century Companies Inc. now owns 492,976 shares of the company’s stock worth $36,692,000 after acquiring an additional 263,016 shares during the period. Finally, RWC Asset Management LLP bought a new position in shares of PriceSmart during the 3rd quarter worth $4,778,000. Institutional investors own 80.46% of the company’s stock.

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.