PriceSmart (NASDAQ:PSMT) Stock: Insider John Hildebrandt Sells 11,834 Shares

PriceSmart, Inc. (NASDAQ:PSMT) COO John Hildebrandt sold 11,834 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $168.23, for a total value of $1,990,833.82. Following the completion of the transaction, the chief operating officer owned 101,699 shares in the company, valued at $17,108,822.77. This trade represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PriceSmart Stock Performance

Shares of PSMT stock traded down $6.16 during mid-day trading on Tuesday, hitting $160.61. The stock had a trading volume of 293,127 shares, compared to its average volume of 251,547. PriceSmart, Inc. has a fifty-two week low of $114.38 and a fifty-two week high of $199.84. The firm has a market cap of $4.97 billion, a PE ratio of 29.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.24 and a quick ratio of 0.53. The company’s 50-day simple moving average is $170.54 and its 200-day simple moving average is $166.45.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Monday, October 26th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.46 billion. PriceSmart had a return on equity of 12.15% and a net margin of 2.83%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 EPS.

Institutional Investors Weigh In On PriceSmart

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

Analyst Ratings Changes

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

About PriceSmart

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.