PriceSmart, Inc. (NASDAQ:PSMT) was the target of unusually large options trading on Tuesday. Traders purchased 1,424 call options on the company. This is an increase of 1,500% compared to the typical volume of 89 call options.

In related news, EVP Rodrigo Calvo sold 2,117 shares of the stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $65.89, for a total transaction of $139,489.13. Following the completion of the sale, the executive vice president now directly owns 16,183 shares of the company’s stock, valued at approximately $1,066,297.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mitchell G. Lynn sold 592 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $60.91, for a total value of $36,058.72. Following the sale, the director now directly owns 1,988 shares of the company’s stock, valued at $121,089.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,309 shares of company stock valued at $857,764. 27.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. NumerixS Investment Technologies Inc bought a new position in shares of PriceSmart during the 4th quarter worth approximately $52,000. ETF Managers Group LLC grew its stake in shares of PriceSmart by 15.6% during the 4th quarter. ETF Managers Group LLC now owns 1,555 shares of the company’s stock worth $92,000 after acquiring an additional 210 shares in the last quarter. Paradigm Asset Management Co. LLC grew its stake in shares of PriceSmart by 188.9% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 1,300 shares of the company’s stock worth $105,000 after acquiring an additional 850 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of PriceSmart during the 4th quarter worth approximately $141,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of PriceSmart during the 4th quarter worth approximately $142,000. 75.02% of the stock is owned by institutional investors.

A number of research firms recently issued reports on PSMT. BidaskClub cut PriceSmart from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 31st. Zacks Investment Research raised PriceSmart from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Thursday, February 14th. Finally, ValuEngine cut PriceSmart from a “hold” rating to a “sell” rating in a research note 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. PriceSmart presently has an average rating of “Sell” and an average price target of $77.00.

Shares of PSMT opened at $59.60 on Wednesday. The company has a market cap of $1.88 billion, a PE ratio of 24.53 and a beta of 0.87. PriceSmart has a twelve month low of $55.53 and a twelve month high of $94.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.30 and a quick ratio of 0.38.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Tuesday, April 9th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.23. The company had revenue of $854.43 million during the quarter, compared to analysts’ expectations of $859.93 million. PriceSmart had a net margin of 2.09% and a return on equity of 11.73%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. As a group, sell-side analysts expect that PriceSmart will post 2.02 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a dividend yield of 1.15%. PriceSmart’s dividend payout ratio is currently 28.81%.

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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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