Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT – Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,631 shares of the company’s stock after selling 160 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.09% of PriceSmart worth $1,904,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in PSMT. Federated Hermes Inc. boosted its position in shares of PriceSmart by 11.3% during the 1st quarter. Federated Hermes Inc. now owns 29,615 shares of the company’s stock valued at $2,117,000 after purchasing an additional 3,003 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PriceSmart by 37.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,547 shares of the company’s stock valued at $325,000 after acquiring an additional 1,244 shares in the last quarter. Perpetual Ltd bought a new position in PriceSmart during the first quarter worth $8,416,000. Versor Investments LP acquired a new stake in PriceSmart in the first quarter worth $471,000. Finally, Barclays PLC boosted its position in shares of PriceSmart by 148.2% during the 1st quarter. Barclays PLC now owns 16,398 shares of the company’s stock worth $1,173,000 after purchasing an additional 9,790 shares in the last quarter. 81.44% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com began coverage on PriceSmart in a report on Thursday. They issued a “buy” rating on the stock.
PriceSmart Stock Performance
Shares of PSMT stock opened at $77.81 on Friday. PriceSmart, Inc. has a 12 month low of $56.29 and a 12 month high of $82.00. The firm has a market capitalization of $2.42 billion, a PE ratio of 20.69 and a beta of 0.90. The firm has a fifty day simple moving average of $76.51 and a two-hundred day simple moving average of $73.71. The company has a current ratio of 1.44, a quick ratio of 0.69 and a debt-to-equity ratio of 0.11.
PriceSmart (NASDAQ:PSMT – Get Free Report) last posted its earnings results on Tuesday, July 11th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. PriceSmart had a net margin of 2.71% and a return on equity of 12.20%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 EPS.
Insider Activity at PriceSmart
In related news, Director Sherry S. Bahrambeygui sold 800 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $78.74, for a total value of $62,992.00. Following the completion of the sale, the director now directly owns 83,395 shares of the company’s stock, valued at approximately $6,566,522.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.40% of the stock is owned by insiders.
PriceSmart Profile
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products, essential goods, fresh produce, prepared foods, and fresh-baked goods, as well as provides services, such as optical, tire center, and other ancillary services.
Read More
- Five stocks we like better than PriceSmart
- Your Comprehensive Guide to Investing in Bank Stocks
- 8 Best Artificial Intelligence Stocks Under $10
- Most Volatile Stocks, What Investors Need to Know
- What Ross Stores Earnings Say About The Saver Shopping Economy
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- 6 Largest Healthcare REITs to Buy and How to Invest
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.
