PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson sold 3,137 shares of PriceSmart stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $60.85, for a total value of $190,886.45. Following the transaction, the director now directly owns 4,504 shares of the company’s stock, valued at $274,068.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ:PSMT opened at $58.49 on Tuesday. PriceSmart, Inc. has a twelve month low of $55.53 and a twelve month high of $94.45. The firm has a market capitalization of $1.83 billion, a PE ratio of 24.07 and a beta of 0.87. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.27 and a quick ratio of 0.42.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Tuesday, April 9th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.23. PriceSmart had a return on equity of 11.51% and a net margin of 2.38%. The company had revenue of $854.43 million during the quarter, compared to analyst estimates of $859.93 million. During the same period last year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts anticipate that PriceSmart, Inc. will post 2.24 earnings per share for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a dividend yield of 1.15%. PriceSmart’s dividend payout ratio (DPR) is presently 28.81%.
A number of brokerages have issued reports on PSMT. Zacks Investment Research cut PriceSmart from a “hold” rating to a “strong sell” rating in a report on Friday, March 29th. BidaskClub cut PriceSmart from a “sell” rating to a “strong sell” rating in a report on Thursday, January 31st. Finally, ValuEngine cut PriceSmart from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Three analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. PriceSmart currently has a consensus rating of “Sell” and a consensus price target of $77.00.
Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in shares of PriceSmart by 600.0% in the first quarter. Nisa Investment Advisors LLC now owns 700 shares of the company’s stock valued at $41,000 after buying an additional 600 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of PriceSmart in the fourth quarter valued at $52,000. ETF Managers Group LLC increased its stake in shares of PriceSmart by 15.6% in the fourth quarter. ETF Managers Group LLC now owns 1,555 shares of the company’s stock valued at $92,000 after buying an additional 210 shares in the last quarter. Paradigm Asset Management Co. LLC increased its stake in shares of PriceSmart by 188.9% in the third quarter. Paradigm Asset Management Co. LLC now owns 1,300 shares of the company’s stock valued at $105,000 after buying an additional 850 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of PriceSmart in the fourth quarter valued at $141,000. Institutional investors own 75.02% of the company’s stock.
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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