Deutsche Bank AG Acquires 7,040 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Deutsche Bank AG increased its position in PriceSmart, Inc. (NASDAQ:PSMT) by 47.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,007 shares of the company’s stock after purchasing an additional 7,040 shares during the period. Deutsche Bank AG owned approximately 0.07% of PriceSmart worth $2,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PSMT. Sterling Capital Management LLC increased its position in shares of PriceSmart by 536.7% during the 4th quarter. Sterling Capital Management LLC now owns 312 shares of the company’s stock valued at $29,000 after purchasing an additional 263 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in PriceSmart in the fourth quarter worth $53,000. MassMutual Private Wealth & Trust FSB increased its stake in PriceSmart by 3,905.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock worth $63,000 after purchasing an additional 664 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of PriceSmart by 393.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 715 shares of the company’s stock worth $65,000 after purchasing an additional 570 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of PriceSmart by 17,300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 870 shares of the company’s stock valued at $80,000 after buying an additional 865 shares during the period. Institutional investors own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded PriceSmart from a “hold” rating to a “buy” rating in a research note on Monday, March 10th.

PriceSmart Price Performance

Shares of NASDAQ PSMT opened at $104.36 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26. The company has a market cap of $3.21 billion, a PE ratio of 22.99 and a beta of 0.75. The business has a 50-day simple moving average of $94.88 and a two-hundred day simple moving average of $92.05. PriceSmart, Inc. has a fifty-two week low of $77.51 and a fifty-two week high of $108.01.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.06). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm earned $1.31 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Insider Buying and Selling at PriceSmart

In other news, EVP Paul Kovaleski sold 896 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $100.85, for a total value of $90,361.60. Following the completion of the sale, the executive vice president now directly owns 43,039 shares in the company, valued at $4,340,483.15. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edgar Zurcher sold 390 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $102.78, for a total value of $40,084.20. Following the sale, the director now owns 9,279 shares of the company’s stock, valued at $953,695.62. The trade was a 4.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,836 shares of company stock valued at $1,005,273. 17.10% of the stock is owned by company insiders.

PriceSmart Company Profile

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.