PriceSmart, Inc. (PSMT) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. raised its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 350,272 shares of the company’s stock after acquiring an additional 47,736 shares during the quarter. Brown Advisory Inc.’s holdings in PriceSmart were worth $30,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in PriceSmart by 9.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock valued at $134,887,000 after acquiring an additional 132,555 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in PriceSmart by 6.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 149,174 shares of the company’s stock valued at $13,314,000 after acquiring an additional 8,381 shares during the last quarter. Russell Investments Group Ltd. boosted its position in PriceSmart by 105.7% during the third quarter. Russell Investments Group Ltd. now owns 79,557 shares of the company’s stock valued at $7,100,000 after acquiring an additional 40,877 shares during the last quarter. First Trust Advisors LP boosted its position in PriceSmart by 28.5% during the third quarter. First Trust Advisors LP now owns 7,116 shares of the company’s stock valued at $635,000 after acquiring an additional 1,580 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in PriceSmart by 3.5% during the third quarter. Wells Fargo & Company MN now owns 282,737 shares of the company’s stock valued at $25,235,000 after acquiring an additional 9,433 shares during the last quarter. 74.43% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on PSMT shares. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating and set a $96.00 price target on the stock in a research report on Tuesday, January 2nd. Scotiabank cut shares of PriceSmart to a “hold” rating and set a $90.00 price target on the stock. in a research report on Friday, January 5th. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of PriceSmart in a research report on Friday, January 5th. Finally, Howard Weil cut shares of PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, January 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. PriceSmart has an average rating of “Hold” and a consensus target price of $92.50.

PriceSmart, Inc. (NASDAQ PSMT) opened at $79.50 on Friday. The stock has a market cap of $2,450.00, a PE ratio of 27.41 and a beta of 1.29. The company has a current ratio of 1.39, a quick ratio of 0.44 and a debt-to-equity ratio of 0.11. PriceSmart, Inc. has a 1 year low of $77.50 and a 1 year high of $94.00.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.08). The company had revenue of $767.10 million for the quarter, compared to the consensus estimate of $764.67 million. PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. PriceSmart’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. research analysts forecast that PriceSmart, Inc. will post 3.2 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, August 14th. This represents a dividend yield of 0.8%. PriceSmart’s dividend payout ratio (DPR) is presently 24.14%.

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PriceSmart Company Profile

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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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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