SAN DIEGO—John D. Hildebrandt, President and Chief Operating Officer of PriceSmart Inc. (NASDAQ:PSMT), has sold 8,350 shares of the company’s common stock. The shares were sold at an average price of $90.058 per share, totaling approximately $751,984. Following this transaction, Hildebrandt directly owns 131,567 shares of PriceSmart stock.
The sale was disclosed in a filing with the Securities and Exchange Commission. The shares were sold in multiple trades at prices ranging from $90.000 to $90.360 per share. Additionally, Hildebrandt indirectly holds 1,685 shares through his spouse.
InvestingPro Insights
While John D. Hildebrandt's recent stock sale might raise eyebrows, a closer look at PriceSmart's financials reveals a company with solid fundamentals. According to InvestingPro data, PriceSmart boasts a market capitalization of $2.69 billion and a P/E ratio of 19.76, suggesting a reasonable valuation relative to its earnings.
The company's financial health is further underscored by its revenue growth. PriceSmart reported a revenue of $4.91 billion in the last twelve months as of Q4 2024, representing an 11.38% increase. This growth trajectory aligns with an InvestingPro Tip indicating that PriceSmart is trading at a low P/E ratio relative to its near-term earnings growth, potentially signaling an attractive investment opportunity.
Another InvestingPro Tip highlights that PriceSmart has maintained dividend payments for 18 consecutive years, demonstrating a commitment to shareholder returns. This is particularly noteworthy given the company's 26.09% dividend growth in the last twelve months, as reported by InvestingPro.
For investors seeking a more comprehensive analysis, InvestingPro offers 8 additional tips for PriceSmart, providing deeper insights into the company's financial position and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.