PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher Sells 2,000 Shares

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $104.00, for a total value of $208,000.00. Following the completion of the sale, the director now directly owns 11,011 shares of the company’s stock, valued at approximately $1,145,144. The trade was a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeffrey Fisher also recently made the following trade(s):

• On Wednesday, May 14th, Jeffrey Fisher sold 3,000 shares of PriceSmart stock. The shares were sold at an average price of $102.21, for a total value of $306,630.00.

PriceSmart Stock Performance

PSMT opened at $104.71 on Friday. PriceSmart, Inc. has a 12-month low of $77.51 and a 12-month high of $108.01. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 23.06 and a beta of 0.75. The business has a 50 day moving average of $92.73 and a 200-day moving average of $91.41. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.06). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. PriceSmart’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. On average, equities research analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised PriceSmart from a “hold” rating to a “buy” rating in a research report on Monday, March 10th.

Hedge Funds Weigh In On PriceSmart

Large investors have recently made changes to their positions in the company. Barclays PLC increased its stake in shares of PriceSmart by 227.3% during the third quarter. Barclays PLC now owns 46,710 shares of the company’s stock worth $4,287,000 after purchasing an additional 32,438 shares during the period. JPMorgan Chase & Co. increased its stake in shares of PriceSmart by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 42,955 shares of the company’s stock worth $3,942,000 after purchasing an additional 3,406 shares during the period. Raymond James Financial Inc. bought a new position in shares of PriceSmart during the fourth quarter worth approximately $591,000. Foster & Motley Inc. increased its stake in shares of PriceSmart by 40.9% during the fourth quarter. Foster & Motley Inc. now owns 18,299 shares of the company’s stock worth $1,687,000 after purchasing an additional 5,315 shares during the period. Finally, River Road Asset Management LLC bought a new position in shares of PriceSmart during the fourth quarter worth approximately $19,078,000. Institutional investors own 80.46% of the company’s stock.

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.