PriceSmart, Inc. (NASDAQ:PSMT) COO Sells $725,890.20 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) COO John D. Hildebrandt sold 8,020 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $90.51, for a total transaction of $725,890.20. Following the completion of the sale, the chief operating officer now owns 123,547 shares in the company, valued at $11,182,238.97. This represents a 6.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

PriceSmart Trading Up 0.4 %

NASDAQ:PSMT traded up $0.34 during midday trading on Friday, hitting $90.79. 315,714 shares of the company traded hands, compared to its average volume of 258,328. The firm has a market capitalization of $2.78 billion, a P/E ratio of 20.00 and a beta of 0.86. The firm’s fifty day moving average is $91.28 and its 200-day moving average is $89.19. PriceSmart, Inc. has a 12-month low of $74.74 and a 12-month high of $99.23. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.22). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current year.

Institutional Trading of PriceSmart

Several institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in shares of PriceSmart during the second quarter valued at $32,000. Heck Capital Advisors LLC bought a new stake in PriceSmart during the 4th quarter valued at about $53,000. MassMutual Private Wealth & Trust FSB boosted its position in PriceSmart by 3,905.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after buying an additional 664 shares during the period. GAMMA Investing LLC grew its stake in PriceSmart by 96.9% in the 3rd 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. Finally, nVerses Capital LLC increased its position in shares of 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 during the period. Institutional investors own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.