PriceSmart, Inc. (PSMT) EVP John D. Hildebrandt Sells 870 Shares

PriceSmart, Inc. (NASDAQ:PSMT) EVP John D. Hildebrandt sold 870 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $62.08, for a total value of $54,009.60. Following the transaction, the executive vice president now directly owns 15,271 shares in the company, valued at approximately $948,023.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PriceSmart stock traded down $0.40 during trading hours on Friday, hitting $57.35. The stock had a trading volume of 145,331 shares, compared to its average volume of 128,158. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.42 and a current ratio of 1.27. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 23.60 and a beta of 0.87. PriceSmart, Inc. has a 1-year low of $55.53 and a 1-year high of $94.45.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Tuesday, April 9th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.23. The business had revenue of $854.43 million for the quarter, compared to analyst estimates of $859.93 million. PriceSmart had a return on equity of 11.51% and a net margin of 2.38%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. As a group, sell-side analysts forecast that PriceSmart, Inc. will post 2.24 EPS for the current fiscal year.

Several research firms have weighed in on PSMT. BidaskClub lowered PriceSmart from a “sell” rating to a “strong sell” rating in a report on Thursday, January 31st. Zacks Investment Research raised PriceSmart from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Thursday, February 14th. Finally, ValuEngine lowered PriceSmart from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Three research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The stock currently has a consensus rating of “Sell” and an average target price of $77.00.

Several institutional investors and hedge funds have recently bought and sold shares of PSMT. Nisa Investment Advisors LLC boosted its stake in shares of PriceSmart by 600.0% during the first quarter. Nisa Investment Advisors LLC now owns 700 shares of the company’s stock valued at $41,000 after acquiring an additional 600 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of PriceSmart during the fourth quarter valued at $52,000. Quadrant Capital Group LLC acquired a new stake in shares of PriceSmart during the first quarter valued at $58,000. Rockefeller Capital Management L.P. acquired a new stake in shares of PriceSmart during the first quarter valued at $75,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of PriceSmart by 67.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,479 shares of the company’s stock valued at $88,000 after acquiring an additional 594 shares during the last quarter. 74.54% of the stock is currently owned by institutional investors and hedge funds.

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PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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