John D. Hildebrandt Sells 8,020 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) COO John D. Hildebrandt sold 8,020 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $90.51, for a total transaction of $725,890.20. Following the sale, the chief operating officer now owns 123,547 shares in the company, valued at $11,182,238.97. The trade was a 6.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

PriceSmart Stock Performance

Shares of PriceSmart stock opened at $90.79 on Friday. The firm has a market capitalization of $2.78 billion, a P/E ratio of 20.00 and a beta of 0.86. PriceSmart, Inc. has a 52 week low of $74.74 and a 52 week high of $99.23. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $91.40 and its two-hundred day moving average is $89.36.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.22). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. PriceSmart’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. Research analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Institutional Investors Weigh In On PriceSmart

Large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in shares of PriceSmart in the second quarter valued at approximately $32,000. Heck Capital Advisors LLC acquired a new stake in shares of PriceSmart in the fourth quarter valued at approximately $53,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of PriceSmart by 3,905.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after acquiring an additional 664 shares during the period. GAMMA Investing LLC lifted its holdings in shares of PriceSmart by 96.9% during the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $76,000 after purchasing an additional 405 shares during the period. Finally, nVerses Capital LLC lifted its holdings in shares of PriceSmart by 66.7% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $92,000 after purchasing an additional 400 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, January 10th.

About PriceSmart

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.