Michael Mccleary Sells 4,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $89.67, for a total value of $358,680.00. Following the transaction, the chief financial officer now owns 58,141 shares in the company, valued at $5,213,503.47. This represents a 6.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Mccleary also recently made the following trade(s):

• On Tuesday, November 12th, Michael Mccleary sold 4,000 shares of PriceSmart stock. The stock was sold at an average price of $89.62, for a total transaction of $358,480.00.

PriceSmart Stock Performance

PSMT traded up $0.19 on Wednesday, hitting $90.64. 302,810 shares of the company traded hands, compared to its average volume of 249,030. The company has a 50 day moving average of $91.26 and a 200-day moving average of $89.18. PriceSmart, Inc. has a 12-month low of $74.74 and a 12-month high of $99.23. The stock has a market capitalization of $2.78 billion, a PE ratio of 19.96 and a beta of 0.86. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. EdgePoint Investment Group Inc. boosted its holdings in PriceSmart by 2.7% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 2,818,927 shares of the company’s stock valued at $258,721,000 after purchasing an additional 74,201 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in PriceSmart by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,309,265 shares of the company’s stock worth $106,311,000 after acquiring an additional 35,390 shares during the period. FMR LLC raised its position in PriceSmart by 5.9% in the third quarter. FMR LLC now owns 1,182,739 shares of the company’s stock worth $108,552,000 after acquiring an additional 65,492 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PriceSmart by 3.8% in the third quarter. Geode Capital Management LLC now owns 684,870 shares of the company’s stock valued at $62,868,000 after acquiring an additional 25,216 shares during the period. Finally, Copeland Capital Management LLC boosted its position in shares of PriceSmart by 18.7% during the 3rd quarter. Copeland Capital Management LLC now owns 481,182 shares of the company’s stock worth $44,163,000 after purchasing an additional 75,896 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.