Vanguard Group Inc. Raises Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Vanguard Group Inc. raised its position in shares of PriceSmart, Inc. (NASDAQ:PSMTFree Report) by 4.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,177,335 shares of the company’s stock after purchasing an additional 133,814 shares during the quarter. Vanguard Group Inc. owned 0.10% of PriceSmart worth $236,489,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of PriceSmart by 114.4% during the third quarter. American Century Companies Inc. now owns 492,976 shares of the company’s stock valued at $36,692,000 after acquiring an additional 263,016 shares during the last quarter. Comerica Bank bought a new position in PriceSmart during the 3rd quarter valued at approximately $1,306,000. Diversified Trust Co lifted its holdings in PriceSmart by 43.9% in the 3rd quarter. Diversified Trust Co now owns 7,959 shares of the company’s stock worth $592,000 after buying an additional 2,429 shares during the period. Tudor Investment Corp Et Al grew its position in shares of PriceSmart by 43.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 63,803 shares of the company’s stock worth $4,749,000 after buying an additional 19,311 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of PriceSmart by 4.1% during the third quarter. Morgan Stanley now owns 267,814 shares of the company’s stock valued at $19,933,000 after buying an additional 10,562 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

PSMT has been the subject of a number of research analyst reports. Jefferies Financial Group assumed coverage on PriceSmart in a research note on Friday, December 1st. They issued a “buy” rating and a $82.00 price target for the company. StockNews.com cut shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 11th. Finally, TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b-” rating in a research report on Tuesday, January 30th.

View Our Latest Stock Analysis on PSMT

PriceSmart Trading Up 0.9 %

NASDAQ PSMT opened at $84.00 on Friday. The firm has a market capitalization of $2.56 billion, a PE ratio of 22.76 and a beta of 0.91. The stock’s 50 day moving average is $80.56 and its 200 day moving average is $75.26. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $84.93. The company has a quick ratio of 0.50, a current ratio of 1.25 and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMTGet Free Report) last announced its earnings results on Wednesday, January 10th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.15. PriceSmart had a net margin of 2.53% and a return on equity of 11.92%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts forecast that PriceSmart, Inc. will post 4.38 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a dividend yield of 1.5%. PriceSmart’s dividend payout ratio is presently 31.44%.

About PriceSmart

(Free Report)

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.

Further Reading

Want to see what other hedge funds are holding PSMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PriceSmart, Inc. (NASDAQ:PSMTFree Report).

Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

Receive News & Ratings for PriceSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart and related companies with MarketBeat.com's FREE daily email newsletter.