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

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

PriceSmart Stock Up 0.4 %

NASDAQ:PSMT traded up $0.37 during trading hours on Wednesday, hitting $91.93. The stock had a trading volume of 273,121 shares, compared to its average volume of 253,112. The company has a market cap of $2.82 billion, a PE ratio of 20.25 and a beta of 0.86. The business has a 50 day simple moving average of $91.57 and a two-hundred day simple moving average of $89.59. PriceSmart, Inc. has a 1-year low of $74.74 and a 1-year 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 issued its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On PriceSmart

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in PriceSmart in the fourth quarter worth about $280,000. Bleakley Financial Group LLC raised its position in shares of PriceSmart by 1.9% during the 4th quarter. Bleakley Financial Group LLC now owns 16,537 shares of the company’s stock valued at $1,524,000 after acquiring an additional 305 shares in the last quarter. Copeland Capital Management LLC lifted its stake in PriceSmart by 29.2% during the fourth quarter. Copeland Capital Management LLC now owns 621,697 shares of the company’s stock worth $57,302,000 after purchasing an additional 140,515 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in PriceSmart in the fourth quarter worth $53,000. Finally, Foster & Motley Inc. increased its stake in PriceSmart by 40.9% during the fourth quarter. Foster & Motley Inc. now owns 18,299 shares of the company’s stock valued at $1,687,000 after purchasing an additional 5,315 shares during the last quarter. 80.46% of the stock is currently 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.