Teacher Retirement System of Texas bought a new position in shares of PriceSmart, Inc. (NASDAQ:PSMT) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 7,326 shares of the company’s stock, valued at approximately $631,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC increased its position in PriceSmart by 9.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock worth $134,887,000 after purchasing an additional 132,555 shares during the period. Genesis Asset Managers LLP increased its position in PriceSmart by 25.2% during the 4th quarter. Genesis Asset Managers LLP now owns 1,135,665 shares of the company’s stock worth $97,781,000 after purchasing an additional 228,715 shares during the period. Dimensional Fund Advisors LP increased its position in PriceSmart by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 654,058 shares of the company’s stock worth $58,374,000 after purchasing an additional 12,039 shares during the period. GW&K Investment Management LLC increased its position in PriceSmart by 5.5% during the 4th quarter. GW&K Investment Management LLC now owns 330,709 shares of the company’s stock worth $28,474,000 after purchasing an additional 17,250 shares during the period. Finally, Brown Advisory Inc. increased its position in PriceSmart by 48.8% during the 3rd quarter. Brown Advisory Inc. now owns 302,536 shares of the company’s stock worth $27,001,000 after purchasing an additional 99,167 shares during the period. Institutional investors own 77.30% of the company’s stock.
Shares of PriceSmart stock traded down $0.35 during trading hours on Monday, hitting $80.85. The stock had a trading volume of 53,082 shares, compared to its average volume of 195,231. The stock has a market cap of $2,468.77, a price-to-earnings ratio of 28.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 0.44. PriceSmart, Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $94.00.
PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.08). The firm had revenue of $767.10 million for the quarter, compared to analysts’ expectations of $764.67 million. PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. PriceSmart’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. sell-side analysts expect that PriceSmart, Inc. will post 3.2 EPS for the current year.
The business also recently announced a semiannual dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be paid a $0.35 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 14th. PriceSmart’s payout ratio is currently 24.14%.
Several research firms have issued reports on PSMT. Zacks Investment Research upgraded PriceSmart from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 13th. BidaskClub lowered PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Finally, Scotiabank reissued a “sector perform” rating and set a $90.00 price target on shares of PriceSmart in a research note on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. PriceSmart currently has a consensus rating of “Hold” and an average price target of $92.50.
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PriceSmart Company Profile
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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