John D. Hildebrandt Sells 580 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) COO John D. Hildebrandt sold 580 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $92.40, for a total transaction of $53,592.00. Following the completion of the sale, the chief operating officer now owns 858 shares of the company’s stock, valued at approximately $79,279.20. The trade was a 40.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PriceSmart Trading Up 0.1 %

Shares of PriceSmart stock opened at $91.99 on Friday. The company’s 50-day moving average price is $91.73 and its 200-day moving average price is $89.62. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 20.26 and a beta of 0.86. 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, Inc. has a 12-month low of $74.74 and a 12-month high of $99.23.

PriceSmart (NASDAQ:PSMT) last announced its 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). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The company’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 business earned $1.24 earnings per share. On average, equities analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, January 10th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PSMT. Sei Investments Co. increased its position in PriceSmart by 39.6% during the 2nd quarter. Sei Investments Co. now owns 30,423 shares of the company’s stock valued at $2,470,000 after purchasing an additional 8,633 shares during the period. Marshall Wace LLP boosted its stake in PriceSmart by 94.2% in the 2nd quarter. Marshall Wace LLP now owns 8,385 shares of the company’s stock worth $681,000 after purchasing an additional 4,067 shares in the last quarter. AQR Capital Management LLC boosted its stake in PriceSmart by 179.1% in the 2nd quarter. AQR Capital Management LLC now owns 57,052 shares of the company’s stock worth $4,633,000 after purchasing an additional 36,614 shares in the last quarter. Millennium Management LLC boosted its stake in PriceSmart by 10.8% in the 2nd quarter. Millennium Management LLC now owns 84,846 shares of the company’s stock worth $6,889,000 after purchasing an additional 8,266 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in PriceSmart by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,600 shares of the company’s stock valued at $1,104,000 after acquiring an additional 365 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

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.