New insider activity at Pricesmart ( (PSMT) ) has taken place on February 11, 2025.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Director Jeffrey Fisher has made headlines with the sale of 5,000 shares of Pricesmart stock, fetching a total of $465,000. This transaction highlights significant activity within the company’s stock market dealings.
Recent Updates on PSMT stock
PriceSmart Inc. has recently held its 2025 Annual Meeting of Stockholders where major decisions were made, including the re-election of the Board of Directors and an 8.6% increase in the annual dividend to $1.26 per share, reflecting confidence in the company’s cash-generating activities. Despite positive growth in net merchandise sales, membership accounts, and digital sales, the company’s Q1 earnings call highlighted challenges such as a slight decline in gross margin and net income, increased expenses due to currency conversion, and unrealized losses. The company reported a 7.8% increase in net merchandise sales, reaching $1.22 billion, and a 4.8% growth in membership accounts, but faced a decrease in net income to $37.4 million. PriceSmart’s CFO provided guidance that emphasizes continued growth in sales, membership, and digital capabilities, supported by strong cash reserves. The company is also planning to open new warehouse clubs in Costa Rica and Guatemala in 2025.
More about Pricesmart
YTD Price Performance: -1.35%
Average Trading Volume: 193,753
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.81B