PriceSmart (NASDAQ:PSMT) Director Gordon Hanson Sells 851 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon Hanson sold 851 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $117.44, for a total transaction of $99,941.44. Following the transaction, the director owned 7,653 shares of the company’s stock, valued at approximately $898,768.32. This represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

PriceSmart Stock Performance

PSMT opened at $116.04 on Wednesday. PriceSmart, Inc. has a 52-week low of $81.25 and a 52-week high of $125.48. The firm has a market capitalization of $3.58 billion, a PE ratio of 24.48 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 1.28. The business’s 50-day simple moving average is $119.19 and its 200 day simple moving average is $111.26.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.08). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.46%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, sell-side analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on PSMT shares. Wall Street Zen upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “buy (a-)” rating on shares of PriceSmart in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Institutional Trading of PriceSmart

Large investors have recently modified their holdings of the stock. First Horizon Corp bought a new stake in PriceSmart during the third quarter worth about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in PriceSmart in the 2nd quarter valued at about $28,000. Geneos Wealth Management Inc. raised its position in shares of PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after buying an additional 252 shares in the last quarter. Mather Group LLC. bought a new stake in shares of PriceSmart during the 3rd quarter worth approximately $39,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of PriceSmart by 52.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company’s stock worth $38,000 after acquiring an additional 125 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

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.