PriceSmart director Jeffrey Fisher sells shares worth $497,555 By Investing.com
Jeffrey Fisher, director at PriceSmart Inc. (NASDAQ:), recently sold 5,478 shares of the company’s stock, worth approximately $497,555. Shares were traded at an average price of $90.828, with individual transaction prices ranging from $90.680 to $91.000 per share. Following this transaction, Fisher owns 21,646 shares indirectly through the Fisher Family Trust and 1,965 shares directly.
InvestingPro Insights
As Jeffrey Fisher lowers his stake in PriceSmart Inc. (NASDAQ:PSMT), investors may find it important to consider key financial metrics and insights provided by InvestingPro.
PriceSmart’s current market capitalization stands at $2.69 billion, with a price-to-earnings (P/E) ratio of 19.76. This P/E ratio is especially interesting when viewed alongside one of InvestingPro’s tips, which suggests that PSMT “Trades at a low P/E ratio relative to near-term earnings growth.” This may indicate a potential downside, especially considering the company’s 11.38% revenue growth over the past twelve months.
Another notable InvestingPro Tip highlights that PriceSmart has “Maintained dividend payments for 18 consecutive years.” This consistency in dividend payments, coupled with a current dividend yield of 1.29%, may be attractive to income-oriented investors. The company has also shown strong dividend growth, with an increase of 26.09% over the past twelve months.
It is worth noting that PriceSmart stock has shown impressive performance, with a one-year price gain of 41.21%. This significant return may provide context for Director Fisher’s decision to sell part of his holdings, possibly as part of a portfolio rebalancing strategy.
For investors looking for a more comprehensive analysis, InvestingPro offers 9 additional PriceSmart tips, which provide a deeper understanding of a company’s financial health and market conditions.
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