PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson Sells 937 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson sold 937 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $79.86, for a total value of $74,828.82. Following the completion of the transaction, the director now owns 7,969 shares of the company’s stock, valued at $636,404.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PriceSmart Trading Down 1.9 %

PSMT opened at $78.20 on Wednesday. The firm’s fifty day moving average is $81.71 and its two-hundred day moving average is $75.71. The firm has a market cap of $2.40 billion, a PE ratio of 19.65 and a beta of 0.92. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $86.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.24 by $0.07. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $1.25 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts anticipate that PriceSmart, Inc. will post 4.38 EPS for the current year.

PriceSmart Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, April 18th. PriceSmart’s dividend payout ratio is 29.15%.

Institutional Trading of PriceSmart

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in PriceSmart by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,177,335 shares of the company’s stock valued at $236,489,000 after buying an additional 133,814 shares during the last quarter. Tudor Investment Corp Et Al raised its holdings in shares of PriceSmart by 43.4% in the third quarter. Tudor Investment Corp Et Al now owns 63,803 shares of the company’s stock valued at $4,749,000 after purchasing an additional 19,311 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of PriceSmart by 77.9% in the third quarter. Teacher Retirement System of Texas now owns 41,675 shares of the company’s stock valued at $3,102,000 after purchasing an additional 18,249 shares during the last quarter. American Century Companies Inc. boosted its holdings in PriceSmart by 114.4% during the third quarter. American Century Companies Inc. now owns 492,976 shares of the company’s stock worth $36,692,000 after purchasing an additional 263,016 shares during the last quarter. Finally, RWC Asset Management LLP bought a new position in PriceSmart in the third quarter valued at $4,778,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b-” rating in a research report on Tuesday, January 30th. StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

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.