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

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson sold 937 shares of the firm’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 sale, the director now directly owns 7,969 shares of the company’s stock, valued at approximately $636,404.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

PriceSmart Stock Up 1.5 %

PSMT opened at $79.39 on Thursday. PriceSmart, Inc. has a fifty-two week low of $61.82 and a fifty-two week 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. The company has a market capitalization of $2.42 billion, a P/E ratio of 19.95 and a beta of 0.92. The stock has a fifty day moving average of $81.75 and a 200-day moving average of $75.73.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, April 10th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. On average, equities analysts expect that PriceSmart, Inc. will post 4.38 EPS for the current year.

PriceSmart Announces Dividend

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

Institutional Investors Weigh In On PriceSmart

Hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of PriceSmart during the first quarter worth $37,000. Headlands Technologies LLC bought a new position in shares of PriceSmart in the third quarter worth $47,000. Tower Research Capital LLC TRC increased its position in shares of PriceSmart by 80.3% in the first quarter. Tower Research Capital LLC TRC now owns 759 shares of the company’s stock worth $54,000 after purchasing an additional 338 shares during the period. TFO Wealth Partners LLC increased its position in shares of PriceSmart by 30,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock worth $69,000 after purchasing an additional 909 shares during the period. Finally, CWM LLC increased its position in shares of PriceSmart by 331.4% in the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock worth $79,000 after purchasing an additional 802 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analysts Set New Price Targets

PSMT has been the subject of several research reports. StockNews.com downgraded PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 13th. TheStreet raised PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th.

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.