Michael Mccleary, the Executive Vice President and Chief Financial Officer of Pricesmart Inc (PSMT, Financial), executed a sale of 4,000 shares of the company on November 12, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now directly owns 62,141 shares of Pricesmart Inc.
Pricesmart Inc, headquartered in San Diego, California, operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company provides a broad selection of merchandise, and it also offers services such as bakery, tire center, and pharmacy, designed to provide a comprehensive shopping experience for its members.
Over the past year, Michael Mccleary has sold a total of 8,000 shares of Pricesmart Inc and has not made any purchases of the stock. This recent transaction is part of a broader trend observed within the company, where there have been 23 insider sells and no insider buys over the past year.
On the date of the sale, Pricesmart Inc shares were trading at $89.62. This pricing gives the company a market cap of approximately $2.71 billion. The price-earnings ratio of the company stands at 19.26, which is above the industry median of 15.76.
According to the GF Value, the intrinsic value of Pricesmart Inc is estimated at $89.61 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of potential stock performance, considering the broader context of insider transactions and company valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
