PriceSmart (NASDAQ:PSMT) Share Price Breaks Below Two Hundred Day Moving Average Following Insider Selling

PriceSmart, Inc. (NASDAQ:PSMT – Get Free Report) passed below its two hundred day moving average during trading on Tuesday following insider selling activity. The stock has a two hundred day moving average of $166.54 and traded as low as $160.43. PriceSmart shares last traded at $160.61, with a volume of 293,127 shares trading hands.

Specifically, COO John Hildebrandt sold 11,834 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $168.23, for a total transaction of $1,990,833.82. Following the transaction, the chief operating officer directly owned 101,699 shares of the company’s stock, valued at $17,108,822.77. This represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

Several brokerages recently issued reports on PSMT. Weiss Ratings restated a “buy (b)” rating on shares of PriceSmart in a research report on Wednesday, August 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $198.00 price target on shares of PriceSmart in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, PriceSmart has an average rating of “Buy” and an average price target of $198.00.

Check Out Our Latest Stock Analysis on PSMT

PriceSmart Stock Performance

The company has a quick ratio of 0.52, a current ratio of 1.24 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $170.25 and a two-hundred day moving average price of $166.54. The stock has a market cap of $4.97 billion, a P/E ratio of 29.74 and a beta of 0.80.

PriceSmart (NASDAQ:PSMT – Get Free Report) last released its earnings results on Monday, October 26th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.46 billion. PriceSmart had a return on equity of 12.15% and a net margin of 2.83%. PriceSmart’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $1.02 EPS.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its holdings in shares of PriceSmart by 12.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 606 shares of the company’s stock valued at $102,000 after purchasing an additional 65 shares in the last quarter. Strs Ohio raised its stake in PriceSmart by 1.5% in the first quarter. Strs Ohio now owns 6,800 shares of the company’s stock worth $1,023,000 after buying an additional 100 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in PriceSmart by 46.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 343 shares of the company’s stock worth $67,000 after buying an additional 109 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in PriceSmart by 22.6% in the first quarter. EverSource Wealth Advisors LLC now owns 651 shares of the company’s stock worth $98,000 after buying an additional 120 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in PriceSmart by 24.5% during the third quarter. Parallel Advisors LLC now owns 756 shares of the company’s stock worth $128,000 after buying an additional 149 shares during the period. Institutional investors own 80.46% of the company’s stock.

PriceSmart Company Profile

(Get Free Report)

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.

Recommended Stories

Receive News & Ratings for PriceSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart and related companies with MarketBeat.com's FREE daily email newsletter.