Jeffrey Fisher, a director at PriceSmart Inc. (NASDAQ:), has recently sold 5,478 shares of the company, generating approximately $497,555. The shares were sold at an average price of $90.828, with individual transaction prices ranging from $90.680 to $91.000 per share. Following this transaction, Fisher holds 21,646 shares indirectly through the Fisher Family Trust and 1,965 shares directly.
InvestingPro Insights
As Jeffrey Fisher reduces his stake in PriceSmart Inc. (NASDAQ:PSMT), investors might find it valuable to consider some 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 particularly interesting when viewed alongside one of the InvestingPro Tips, which suggests that PSMT is “Trading at a low P/E ratio relative to near-term earnings growth.” This could indicate potential undervaluation, especially considering the company’s revenue growth of 11.38% over the last twelve months.
Another noteworthy 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 appeal to income-focused investors. The company has also demonstrated strong dividend growth, with a 26.09% increase in the last twelve months.
It’s worth noting that PriceSmart’s stock has shown impressive performance, with a one-year price total return of 41.21%. This significant return might provide context for Director Fisher’s decision to sell a portion of his holdings, potentially as part of a portfolio rebalancing strategy.
For investors seeking a more comprehensive analysis, InvestingPro offers 9 additional tips for PriceSmart, providing a deeper understanding of the company’s financial health and market position.
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