PriceSmart, Inc. $PSMT Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,248 shares of the company’s stock after selling 3,697 shares during the period. Envestnet Asset Management Inc. owned approximately 0.39% of PriceSmart worth $14,573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSMT. First Horizon Corp bought a new stake in PriceSmart in the third quarter worth $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of PriceSmart in the second quarter valued at about $28,000. Geneos Wealth Management Inc. grew its holdings in shares of PriceSmart by 560.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after purchasing an additional 252 shares in the last quarter. Mather Group LLC. bought a new stake in PriceSmart in the 3rd quarter valued at $39,000. Finally, Steward Partners Investment Advisory LLC raised its position in PriceSmart by 52.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company’s stock worth $38,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen lowered PriceSmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Weiss Ratings downgraded shares of PriceSmart from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, PriceSmart currently has a consensus rating of “Buy”.

Insider Transactions at PriceSmart

In related news, COO John D. Hildebrandt sold 7,421 shares of PriceSmart stock in a transaction on Monday, January 12th. The shares were sold at an average price of $136.88, for a total value of $1,015,786.48. Following the completion of the sale, the chief operating officer owned 108,194 shares of the company’s stock, valued at approximately $14,809,594.72. This trade represents a 6.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leon C. Janks sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $137.29, for a total value of $411,870.00. Following the completion of the transaction, the director owned 30,734 shares in the company, valued at $4,219,470.86. This represents a 8.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,671 shares of company stock valued at $2,283,051 in the last 90 days. 17.00% of the stock is currently owned by company insiders.

PriceSmart Trading Up 0.4%

NASDAQ PSMT opened at $155.68 on Tuesday. The firm has a market capitalization of $4.80 billion, a PE ratio of 31.77 and a beta of 0.75. The business’s 50-day moving average price is $136.61 and its two-hundred day moving average price is $123.86. The company has a current ratio of 1.33, a quick ratio of 0.55 and a debt-to-equity ratio of 0.11. PriceSmart, Inc. has a 12 month low of $81.25 and a 12 month high of $157.87.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, January 7th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. PriceSmart had a return on equity of 12.20% and a net margin of 2.79%.The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.70 per share. This represents a dividend yield of 89.0%. The ex-dividend date of this dividend is Monday, August 17th. PriceSmart’s dividend payout ratio is presently 25.71%.

PriceSmart Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.