John D. Hildebrandt Sells 580 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) COO John D. Hildebrandt sold 580 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $92.40, for a total transaction of $53,592.00. Following the sale, the chief operating officer now directly owns 858 shares in the company, valued at $79,279.20. This trade represents a 40.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

PriceSmart Stock Up 0.1 %

PriceSmart stock opened at $91.99 on Friday. The company has a market cap of $2.82 billion, a P/E ratio of 20.26 and a beta of 0.86. PriceSmart, Inc. has a 1-year low of $74.74 and a 1-year high of $99.23. The company has a fifty day simple moving average of $91.73 and a 200 day simple moving average of $89.62. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PriceSmart

Institutional investors have recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of PriceSmart during the 4th quarter valued at $53,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of PriceSmart by 3,905.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after acquiring an additional 664 shares during the period. GAMMA Investing LLC lifted its position in shares of PriceSmart by 96.9% during the 3rd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after acquiring an additional 405 shares during the period. nVerses Capital LLC lifted its position in shares of PriceSmart by 66.7% during the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $92,000 after acquiring an additional 400 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of PriceSmart by 423.1% during the 3rd quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $96,000 after acquiring an additional 842 shares during the period. 80.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

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.