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

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of the firm’s 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 owns 62,141 shares in the company, valued at $5,569,076.42. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

PriceSmart Price Performance

PSMT stock opened at $87.21 on Friday. The business has a 50 day moving average price of $89.89 and a 200 day moving average price of $86.20. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 19.08 and a beta of 0.85. PriceSmart, Inc. has a fifty-two week low of $66.79 and a fifty-two week high of $94.82.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.07). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Equities research analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On PriceSmart

Large investors have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in shares of PriceSmart in the 2nd quarter valued at about $28,000. Canada Pension Plan Investment Board acquired a new position in PriceSmart during the second quarter worth approximately $32,000. GAMMA Investing LLC increased its position in PriceSmart by 76.4% during the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after buying an additional 181 shares during the period. Covestor Ltd lifted its stake in PriceSmart by 237.4% in the first quarter. Covestor Ltd now owns 442 shares of the company’s stock valued at $38,000 after buying an additional 311 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of PriceSmart in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

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.