John D. Hildebrandt Sells 6,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) COO John D. Hildebrandt sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $81.92, for a total value of $491,520.00. Following the transaction, the chief operating officer now directly owns 140,485 shares in the company, valued at $11,508,531.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

PriceSmart Stock Performance

Shares of PriceSmart stock opened at $81.55 on Thursday. The company has a market cap of $2.50 billion, a PE ratio of 20.49 and a beta of 0.92. PriceSmart, Inc. has a 52 week low of $61.82 and a 52 week high of $86.90. The business has a 50 day moving average price of $82.00 and a 200-day moving average price of $76.22. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 earnings per share. Equities analysts anticipate that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

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

Hedge Funds Weigh In On PriceSmart

Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in shares of PriceSmart in the third quarter valued at approximately $47,000. TFO Wealth Partners LLC raised 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 worth $69,000 after buying an additional 909 shares in the last quarter. SYSTM Wealth Solutions LLC purchased a new stake in shares of PriceSmart in the first quarter worth $85,000. CWM LLC raised its position in shares of PriceSmart by 331.4% in the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock worth $79,000 after buying an additional 802 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of PriceSmart by 93.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,278 shares of the company’s stock worth $95,000 after buying an additional 616 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PSMT has been the topic of a number of research reports. TheStreet raised PriceSmart from a “c+” rating to a “b-” rating in a research note on Tuesday, January 30th. Jefferies Financial Group upped their price target on PriceSmart from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, StockNews.com downgraded 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.