Russell Investments Group Ltd. raised its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 105.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,557 shares of the company’s stock after acquiring an additional 40,877 shares during the quarter. Russell Investments Group Ltd. owned about 0.26% of PriceSmart worth $7,100,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in PSMT. Aperio Group LLC raised its holdings in PriceSmart by 21.6% in the 2nd quarter. Aperio Group LLC now owns 3,237 shares of the company’s stock valued at $284,000 after acquiring an additional 574 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of PriceSmart by 9.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 140,793 shares of the company’s stock worth $12,334,000 after purchasing an additional 11,705 shares in the last quarter. Rhumbline Advisers grew its position in shares of PriceSmart by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 26,442 shares of the company’s stock worth $2,316,000 after purchasing an additional 1,348 shares in the last quarter. Denver Investment Advisors LLC grew its position in shares of PriceSmart by 6.6% during the 2nd quarter. Denver Investment Advisors LLC now owns 6,558 shares of the company’s stock worth $574,000 after purchasing an additional 405 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of PriceSmart by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 109,050 shares of the company’s stock worth $9,552,000 after purchasing an additional 3,920 shares in the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PriceSmart, Inc. (NASDAQ:PSMT) opened at $84.90 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.55 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2,580.00, a P/E ratio of 28.91 and a beta of 1.31. PriceSmart, Inc. has a 52-week low of $78.00 and a 52-week high of $94.00.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.09). The firm had revenue of $733.50 million for the quarter, compared to analyst estimates of $733.64 million. PriceSmart had a return on equity of 13.32% and a net margin of 3.03%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS. analysts forecast that PriceSmart, Inc. will post 3.2 earnings per share for the current fiscal year.
PSMT has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Ifs Securities initiated coverage on shares of PriceSmart in a research report on Monday, September 25th. They set a “market perform” rating and a $85.00 target price on the stock. Roth Capital restated a “buy” rating and set a $100.00 target price on shares of PriceSmart in a research report on Monday, October 2nd. Finally, TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. PriceSmart currently has an average rating of “Hold” and a consensus price target of $92.50.
In related news, EVP Chong Jesus Von sold 620 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $80.28, for a total transaction of $49,773.60. Following the sale, the executive vice president now owns 27,001 shares in the company, valued at approximately $2,167,640.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO William J. Naylon sold 2,400 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $80.05, for a total transaction of $192,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 44,997 shares of company stock worth $3,683,782 in the last quarter. 28.00% of the stock is currently owned by company insiders.
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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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