PriceSmart, Inc. (NASDAQ:PSMT) CFO Sells $358,480.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of PriceSmart stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $89.62, for a total transaction of $358,480.00. Following the completion of the sale, the chief financial officer now directly owns 62,141 shares of the company’s stock, valued at approximately $5,569,076.42. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

PriceSmart Stock Performance

PriceSmart stock traded up $0.24 on Friday, reaching $88.34. 7,075 shares of the stock were exchanged, compared to its average volume of 149,926. The stock has a market cap of $2.71 billion, a PE ratio of 19.28 and a beta of 0.85. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a twelve month low of $66.79 and a twelve month high of $94.82. The firm has a fifty day moving average price of $89.87 and a two-hundred day moving average price of $86.12.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Sell-side analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund Corp increased its holdings in shares of PriceSmart by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 21,918 shares of the company’s stock worth $1,841,000 after purchasing an additional 292 shares during the period. SG Americas Securities LLC bought a new position in shares of PriceSmart during the 1st quarter worth about $117,000. Sei Investments Co. increased its holdings in shares of PriceSmart by 8.8% during the 1st quarter. Sei Investments Co. now owns 21,790 shares of the company’s stock worth $1,831,000 after purchasing an additional 1,757 shares during the period. Headlands Technologies LLC increased its holdings in shares of PriceSmart by 198.6% during the 1st quarter. Headlands Technologies LLC now owns 1,762 shares of the company’s stock worth $148,000 after purchasing an additional 1,172 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of PriceSmart by 17.3% during the 1st quarter. QRG Capital Management Inc. now owns 3,159 shares of the company’s stock worth $265,000 after purchasing an additional 465 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

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.