Share on StockTwits

PriceSmart (NASDAQ:PSMT) EVP John D. Hildebrandt sold 3,506 shares of PriceSmart stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $94.62, for a total value of $331,737.72. Following the completion of the transaction, the executive vice president now directly owns 18,088 shares of the company’s stock, valued at approximately $1,711,487. The sale was disclosed in a filing with the SEC, which is available at this link.

PSMT has been the subject of a number of recent research reports. Analysts at Jefferson Research downgraded shares of PriceSmart from a “hold” rating to a “sell” rating in a research note to investors on Friday, January 10th. Analysts at Benchmark Co. raised their price target on shares of PriceSmart from $89.00 to $113.00 in a research note to investors on Friday, November 1st. They now have a “hold” rating on the stock.

Shares of PriceSmart (NASDAQ:PSMT) traded down 0.18% during mid-day trading on Tuesday, hitting $93.38. 234,778 shares of the company’s stock traded hands. PriceSmart has a 1-year low of $70.02 and a 1-year high of $126.64. The stock has a 50-day moving average of $107.9 and a 200-day moving average of $101.7. The company has a market cap of $2.765 billion and a P/E ratio of 33.09.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Thursday, January 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.03. The company had revenue of $605.60 million for the quarter, compared to the consensus estimate of $609.04 million. During the same quarter last year, the company posted $0.66 earnings per share. PriceSmart’s revenue was up 13.1% compared to the same quarter last year. On average, analysts predict that PriceSmart will post $3.16 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of 0.35 per share. This represents a dividend yield of 0.74%. The ex-dividend date is Wednesday, August 13th.

PriceSmart, Inc (NASDAQ:PSMT) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.