Vanguard Group Inc. Has $251.53 Million Stake in PriceSmart, Inc. (NASDAQ:PSMT)

Vanguard Group Inc. increased its stake in shares of PriceSmart, Inc. (NASDAQ:PSMTFree Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,319,255 shares of the company’s stock after purchasing an additional 141,920 shares during the quarter. Vanguard Group Inc. owned about 10.88% of PriceSmart worth $251,533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. TFO Wealth Partners LLC boosted its position in PriceSmart by 30,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock valued at $69,000 after buying an additional 909 shares during the last quarter. CWM LLC increased its position in PriceSmart by 331.4% in the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock worth $79,000 after purchasing an additional 802 shares during the period. QRG Capital Management Inc. bought a new stake in PriceSmart during the 4th quarter worth about $204,000. Cerity Partners LLC acquired a new position in PriceSmart during the 4th quarter valued at about $272,000. Finally, Watershed Asset Management L.L.C. boosted its stake in shares of PriceSmart by 8.1% in the 4th quarter. Watershed Asset Management L.L.C. now owns 3,900 shares of the company’s stock valued at $296,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Stock Performance

Shares of PSMT stock opened at $81.20 on Monday. The stock has a market cap of $2.49 billion, a PE ratio of 20.40 and a beta of 0.86. The stock has a 50-day moving average of $82.62 and a 200-day moving average of $80.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. PriceSmart, Inc. has a one year low of $61.82 and a one year high of $87.99.

PriceSmart (NASDAQ:PSMTGet Free Report) last posted its earnings results on Wednesday, April 10th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business posted $1.25 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, sell-side analysts expect that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

PriceSmart Announces Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, April 18th. PriceSmart’s dividend payout ratio is presently 29.15%.

Insider Buying and Selling at PriceSmart

In other news, Director Sherry S. Bahrambeygui sold 5,000 shares of PriceSmart stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $86.08, for a total transaction of $430,400.00. Following the transaction, the director now owns 70,716 shares in the company, valued at approximately $6,087,233.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Sherry S. Bahrambeygui sold 522 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $85.71, for a total transaction of $44,740.62. Following the completion of the transaction, the director now directly owns 81,216 shares of the company’s stock, valued at approximately $6,961,023.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sherry S. Bahrambeygui sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $86.08, for a total transaction of $430,400.00. Following the completion of the sale, the director now directly owns 70,716 shares in the company, valued at approximately $6,087,233.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,200 shares of company stock valued at $2,260,293. Company insiders own 18.60% of the company’s stock.

Analysts Set New Price Targets

PSMT has been the topic of several analyst reports. StockNews.com upgraded shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 12th. Jefferies Financial Group upped their target price on shares of PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th.

Read Our Latest Report on PSMT

PriceSmart Company Profile

(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

Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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