PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson Sells 1,107 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson sold 1,107 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $87.22, for a total transaction of $96,552.54. Following the completion of the transaction, the director now owns 6,862 shares of the company’s stock, valued at $598,503.64. This trade represents a 13.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PriceSmart Stock Performance

Shares of PSMT stock opened at $87.30 on Friday. The company’s fifty day simple moving average is $91.30 and its 200-day simple moving average is $88.98. The company has a quick ratio of 0.45, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.68 billion, a PE ratio of 19.23 and a beta of 0.86. PriceSmart, Inc. has a 12 month low of $74.74 and a 12 month high of $99.23.

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

Institutional Trading of PriceSmart

Institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board bought a new stake in shares of PriceSmart in the second quarter worth $32,000. MassMutual Private Wealth & Trust FSB raised its position in PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock worth $63,000 after acquiring an additional 664 shares in the last quarter. GAMMA Investing LLC raised its position in PriceSmart by 96.9% during the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $76,000 after acquiring an additional 405 shares in the last quarter. nVerses Capital LLC raised its position in 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 acquiring an additional 400 shares in the last quarter. Finally, Blue Trust Inc. raised its position in PriceSmart by 423.1% during the third quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $96,000 after acquiring an additional 842 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of PriceSmart from a “buy” rating to a “hold” rating in a report 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.