Teachers Advisors LLC raised its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,324 shares of the company’s stock after buying an additional 2,277 shares during the period. Teachers Advisors LLC owned about 0.15% of PriceSmart worth $4,179,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its position in PriceSmart by 1.7% in the first quarter. Wellington Management Group LLP now owns 1,348,139 shares of the company’s stock valued at $124,298,000 after buying an additional 21,936 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of PriceSmart by 16.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,269,690 shares of the company’s stock worth $117,066,000 after buying an additional 174,683 shares during the period. Bank of Montreal Can raised its stake in shares of PriceSmart by 4.8% in the first quarter. Bank of Montreal Can now owns 910,818 shares of the company’s stock worth $83,978,000 after buying an additional 41,599 shares during the period. Wells Fargo & Company MN raised its stake in shares of PriceSmart by 7.8% in the first quarter. Wells Fargo & Company MN now owns 277,569 shares of the company’s stock worth $25,593,000 after buying an additional 20,006 shares during the period. Finally, Norges Bank purchased a new stake in shares of PriceSmart during the fourth quarter worth approximately $13,240,000. Hedge funds and other institutional investors own 73.57% of the company’s stock.
Shares of PriceSmart, Inc. (PSMT) opened at 81.05 on Friday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 26.50 and a beta of 1.24. PriceSmart, Inc. has a one year low of $78.00 and a one year high of $94.40. The stock has a 50 day moving average price of $83.32 and a 200-day moving average price of $87.18.
PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, July 5th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.05. The company had revenue of $730.30 million for the quarter, compared to the consensus estimate of $734.80 million. PriceSmart had a return on equity of 14.05% and a net margin of 3.13%. PriceSmart’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. On average, equities research analysts expect that PriceSmart, Inc. will post $3.08 EPS for the current year.
A number of brokerages have recently commented on PSMT. BidaskClub lowered PriceSmart from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Roth Capital set a $102.00 price target on PriceSmart and gave the company a “buy” rating in a report on Thursday, May 18th. Zacks Investment Research lowered PriceSmart from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, TheStreet lowered PriceSmart from a “b” rating to a “c+” rating in a report on Thursday, July 13th.
In other news, Director Sherry S. Bahrambeygui sold 3,561 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $84.88, for a total transaction of $302,257.68. Following the transaction, the director now owns 125,374 shares of the company’s stock, valued at approximately $10,641,745.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 28.00% of the stock is owned by corporate insiders.
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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