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

PriceSmart, Inc. (NASDAQ:PSMT) COO John Hildebrandt sold 11,834 shares of PriceSmart stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $168.23, for a total value of $1,990,833.82. Following the sale, the chief operating officer owned 101,699 shares of the company’s stock, valued at approximately $17,108,822.77. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PriceSmart Stock Down 3.7%

Shares of PSMT opened at $160.61 on Wednesday. The firm has a fifty day moving average price of $170.25 and a 200-day moving average price of $166.54. The company has a current ratio of 1.24, a quick ratio of 0.52 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.97 billion, a P/E ratio of 29.74 and a beta of 0.80. PriceSmart, Inc. has a 12-month low of $114.38 and a 12-month high of $199.84.

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

Analyst Upgrades and Downgrades

PSMT has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 target price on shares of PriceSmart in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of PriceSmart in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, PriceSmart presently has a consensus rating of “Buy” and a consensus target price of $198.00.

Hedge Funds Weigh In On PriceSmart

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in PriceSmart during the 2nd quarter valued at $15,197,000. Bank of America Corp DE bought a new position in shares of PriceSmart in the 2nd quarter worth $30,962,000. The Manufacturers Life Insurance Company bought a new position in shares of PriceSmart in the 2nd quarter worth $2,734,000. Foster & Motley Inc. bought a new position in shares of PriceSmart in the 2nd quarter worth $1,475,000. Finally, California State Teachers Retirement System lifted its stake in shares of PriceSmart by 22.7% during the 1st quarter. California State Teachers Retirement System now owns 30,720 shares of the company’s stock worth $4,623,000 after purchasing an additional 5,680 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

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.