Jeffrey Fisher Sells 2,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 2,000 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $104.00, for a total value of $208,000.00. Following the completion of the sale, the director now directly owns 11,011 shares in the company, valued at approximately $1,145,144. This represents a 15.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jeffrey Fisher also recently made the following trade(s):

• On Wednesday, May 14th, Jeffrey Fisher sold 3,000 shares of PriceSmart stock. The stock was sold at an average price of $102.21, for a total value of $306,630.00.

PriceSmart Trading Up 1.2%

PSMT stock opened at $104.71 on Friday. The company has a market cap of $3.22 billion, a P/E ratio of 23.06 and a beta of 0.75. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $108.01. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $92.73 and a 200-day moving average of $91.41.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.06). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 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 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 EPS. As a group, equities research analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC acquired a new position in PriceSmart in the first quarter valued at about $987,000. Goldman Sachs Group Inc. raised its holdings in PriceSmart by 41.7% during the first quarter. Goldman Sachs Group Inc. now owns 182,919 shares of the company’s stock worth $16,069,000 after acquiring an additional 53,874 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new stake in PriceSmart during the first quarter worth about $13,109,000. Petrus Trust Company LTA bought a new stake in PriceSmart during the first quarter worth about $326,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in PriceSmart by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,917 shares of the company’s stock worth $1,310,000 after acquiring an additional 648 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised PriceSmart from a “hold” rating to a “buy” rating in a research note on Monday, March 10th.

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.