Renaissance Technologies LLC increased its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 683,900 shares of the company’s stock after acquiring an additional 15,600 shares during the period. Renaissance Technologies LLC’s holdings in PriceSmart were worth $58,884,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of PriceSmart by 9.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock worth $134,887,000 after acquiring an additional 132,555 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of PriceSmart by 6.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 149,174 shares of the company’s stock worth $13,314,000 after acquiring an additional 8,381 shares during the last quarter. Lombard Odier Asset Management Switzerland SA raised its holdings in shares of PriceSmart by 14.1% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 278,200 shares of the company’s stock worth $23,953,000 after acquiring an additional 34,400 shares during the last quarter. Swiss National Bank raised its holdings in shares of PriceSmart by 4.2% in the 4th quarter. Swiss National Bank now owns 37,000 shares of the company’s stock worth $3,186,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of PriceSmart by 48.8% in the 3rd quarter. Brown Advisory Inc. now owns 302,536 shares of the company’s stock worth $27,001,000 after acquiring an additional 99,167 shares during the last quarter. Institutional investors own 77.33% of the company’s stock.
Shares of PriceSmart, Inc. (NASDAQ:PSMT) opened at $81.50 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 0.44. The company has a market cap of $2,470.29, a PE ratio of 28.02 and a beta of 1.30. PriceSmart, Inc. has a one year low of $77.50 and a one year high of $94.00.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.08). The firm had revenue of $767.10 million during the quarter, compared to analysts’ expectations of $764.67 million. PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. equities research analysts forecast that PriceSmart, Inc. will post 3.2 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a yield of 0.8%. PriceSmart’s dividend payout ratio (DPR) is 24.14%.
A number of research firms recently weighed in on PSMT. Zacks Investment Research upgraded shares of PriceSmart from a “strong sell” rating to a “hold” rating in a report on Tuesday. Scotiabank set a $90.00 target price on shares of PriceSmart and gave the stock a “sector perform” rating in a report on Thursday, February 8th. BidaskClub lowered shares of PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Ifs Securities upgraded shares of PriceSmart from a “market perform” rating to an “outperform” rating in a research note on Friday, December 29th. Finally, Scotia Howard Weill reiterated a “sector perform” rating on shares of PriceSmart in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. PriceSmart currently has a consensus rating of “Hold” and an average price target of $92.50.
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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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