Jeffrey Fisher Sells 200 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 200 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $95.02, for a total value of $19,004.00. Following the completion of the transaction, the director now owns 16,011 shares of the company’s stock, valued at $1,521,365.22. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, February 10th, Jeffrey Fisher sold 1,700 shares of PriceSmart stock. The shares were sold at an average price of $95.00, for a total value of $161,500.00.
• On Thursday, January 30th, Jeffrey Fisher sold 5,000 shares of PriceSmart stock. The shares were sold at an average price of $93.00, for a total value of $465,000.00.

PriceSmart Stock Performance

Shares of NASDAQ:PSMT opened at $91.14 on Friday. The business’s fifty day moving average price is $92.22 and its two-hundred day moving average price is $90.00. PriceSmart, Inc. has a fifty-two week low of $77.51 and a fifty-two week high of $99.23. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 20.07 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43.

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

PriceSmart Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. PriceSmart’s dividend payout ratio (DPR) is 25.55%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered PriceSmart from a “buy” rating to a “hold” rating in a research note on Monday, February 10th.

Institutional Trading of PriceSmart

Large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its position in PriceSmart by 536.7% in the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company’s stock valued at $29,000 after acquiring an additional 263 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of PriceSmart during the fourth quarter worth $53,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 purchasing an additional 664 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of PriceSmart by 393.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 715 shares of the company’s stock worth $65,000 after purchasing an additional 570 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of PriceSmart by 17,300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 870 shares of the company’s stock worth $80,000 after purchasing an additional 865 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors.

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.