PriceSmart (NASDAQ:PSMT) Stock: Insider John Hildebrandt Sells 11,834 Shares

PriceSmart, Inc. (NASDAQ:PSMT) COO John Hildebrandt sold 11,834 shares of PriceSmart stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $168.23, for a total value of $1,990,833.82. Following the completion of the transaction, the chief operating officer owned 101,699 shares of the company’s stock, valued at approximately $17,108,822.77. The trade was a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PriceSmart Price Performance

PriceSmart stock opened at $165.20 on Thursday. The business’s fifty day moving average is $170.01 and its two-hundred day moving average is $166.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.52 and a current ratio of 1.24. The firm has a market cap of $5.11 billion, a P/E ratio of 29.74 and a beta of 0.80. PriceSmart, Inc. has a 52 week low of $114.38 and a 52 week high of $199.84.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Monday, October 26th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). PriceSmart had a net margin of 2.83% and a return on equity of 12.15%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business posted $1.02 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year.

Institutional Investors Weigh In On PriceSmart

Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new position in PriceSmart during the second quarter valued at approximately $15,197,000. Bank of America Corp DE bought a new stake in PriceSmart during the second quarter worth $30,962,000. The Manufacturers Life Insurance Company acquired a new stake in PriceSmart in the second quarter valued at $2,734,000. Foster & Motley Inc. acquired a new stake in PriceSmart in the second quarter valued at $1,475,000. Finally, California State Teachers Retirement System lifted its stake in PriceSmart by 22.7% in the first quarter. California State Teachers Retirement System now owns 30,720 shares of the company’s stock valued at $4,623,000 after acquiring an additional 5,680 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a $198.00 price objective on shares of PriceSmart in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of PriceSmart in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $198.00.

PriceSmart Company Profile

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.