Artisan Partners Limited Partnership lowered its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,615 shares of the company’s stock after selling 2,244 shares during the period. Artisan Partners Limited Partnership owned about 0.60% of PriceSmart worth $16,209,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of PriceSmart by 18.5% during the second quarter. Citigroup Inc. now owns 1,411 shares of the company’s stock worth $124,000 after purchasing an additional 220 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of PriceSmart by 16.4% during the second quarter. Public Employees Retirement System of Ohio now owns 1,464 shares of the company’s stock worth $128,000 after buying an additional 206 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of PriceSmart by 12.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,940 shares of the company’s stock worth $170,000 after buying an additional 210 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of PriceSmart by 17.7% during the second quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock worth $172,000 after buying an additional 295 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of PriceSmart by 1.6% during the second quarter. Advisor Group Inc. now owns 2,433 shares of the company’s stock worth $213,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.
In other PriceSmart news, EVP John D. Hildebrandt sold 1,614 shares of PriceSmart stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $83.47, for a total value of $134,720.58. Following the sale, the executive vice president now owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chong Jesus Von sold 620 shares of PriceSmart stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $80.28, for a total value of $49,773.60. Following the completion of the sale, the executive vice president now directly owns 27,001 shares in the company, valued at approximately $2,167,640.28. The disclosure for this sale can be found here. Insiders sold a total of 44,997 shares of company stock worth $3,683,782 in the last ninety days. 28.00% of the stock is owned by corporate insiders.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered PriceSmart from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Ifs Securities assumed coverage on PriceSmart in a report on Monday, September 25th. They set a “market perform” rating and a $85.00 price target on the stock. Roth Capital set a $102.00 price target on PriceSmart and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.50.
PriceSmart, Inc. (PSMT) opened at $86.20 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12. PriceSmart, Inc. has a twelve month low of $78.00 and a twelve month high of $94.00. The stock has a market capitalization of $2,573.42, a PE ratio of 28.41 and a beta of 1.31.
PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.09). PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The company had revenue of $733.50 million for the quarter, compared to analysts’ expectations of $733.64 million. During the same period in the prior year, the business earned $0.74 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts expect that PriceSmart, Inc. will post 3.2 EPS for the current year.
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PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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