John Hildebrandt Sells 10,000 Shares of PriceSmart (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) COO John Hildebrandt sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $115.10, for a total transaction of $1,151,000.00. Following the completion of the transaction, the chief operating officer owned 115,615 shares of the company’s stock, valued at approximately $13,307,286.50. This trade represents a 7.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

PriceSmart Stock Performance

Shares of PriceSmart stock opened at $116.75 on Friday. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 24.63 and a beta of 0.84. PriceSmart, Inc. has a twelve month low of $81.25 and a twelve month high of $125.48. The company’s fifty day moving average is $118.25 and its 200 day moving average is $110.34. The company has a quick ratio of 0.50, a current ratio of 1.28 and a debt-to-equity ratio of 0.07.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, October 30th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.08). PriceSmart had a return on equity of 12.46% and a net margin of 2.82%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in PriceSmart by 2.3% in the first quarter. Principal Financial Group Inc. now owns 131,194 shares of the company’s stock valued at $11,525,000 after acquiring an additional 3,003 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of PriceSmart by 19.3% in the 1st quarter. New York State Teachers Retirement System now owns 10,785 shares of the company’s stock worth $947,000 after purchasing an additional 1,742 shares in the last quarter. New Age Alpha Advisors LLC lifted its holdings in shares of PriceSmart by 914.7% in the 1st quarter. New Age Alpha Advisors LLC now owns 53,900 shares of the company’s stock worth $4,735,000 after purchasing an additional 48,588 shares in the last quarter. Dark Forest Capital Management LP grew its position in PriceSmart by 665.0% in the 1st quarter. Dark Forest Capital Management LP now owns 38,711 shares of the company’s stock valued at $3,401,000 after purchasing an additional 33,651 shares during the period. Finally, Comerica Bank increased its stake in PriceSmart by 59.0% during the 1st quarter. Comerica Bank now owns 18,370 shares of the company’s stock valued at $1,614,000 after purchasing an additional 6,817 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PSMT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of PriceSmart in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

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.