Rhumbline Advisers lowered its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 14.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,878 shares of the company’s stock after selling 3,949 shares during the quarter. Rhumbline Advisers owned about 0.08% of PriceSmart worth $1,970,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of PriceSmart in the fourth quarter worth about $186,000. M&T Bank Corp raised its stake in shares of PriceSmart by 18.7% in the fourth quarter. M&T Bank Corp now owns 4,017 shares of the company’s stock worth $345,000 after buying an additional 633 shares during the period. Aperio Group LLC raised its stake in shares of PriceSmart by 30.6% in the fourth quarter. Aperio Group LLC now owns 4,383 shares of the company’s stock worth $377,000 after buying an additional 1,027 shares during the period. First Trust Advisors LP raised its stake in shares of PriceSmart by 28.5% in the third quarter. First Trust Advisors LP now owns 7,116 shares of the company’s stock worth $635,000 after buying an additional 1,580 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of PriceSmart in the fourth quarter worth about $631,000. 77.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PriceSmart stock opened at $81.90 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.44 and a current ratio of 1.39. PriceSmart, Inc. has a 1 year low of $77.50 and a 1 year high of $94.00. The stock has a market capitalization of $2,490.05, a PE ratio of 28.24 and a beta of 1.30.
PriceSmart (NASDAQ:PSMT) last released its earnings results on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.08). PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. The business had revenue of $767.10 million for the quarter, compared to analysts’ expectations of $764.67 million. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. analysts forecast that PriceSmart, Inc. will post 3.2 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, August 31st. Investors of record on Wednesday, August 15th will be given a dividend of $0.35 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 14th. PriceSmart’s dividend payout ratio is currently 24.14%.
PSMT has been the topic of several recent research reports. Howard Weil downgraded PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 5th. Zacks Investment Research downgraded PriceSmart from a “buy” rating to a “strong sell” rating in a research note on Thursday, March 1st. Scotiabank reaffirmed a “sector perform” rating and issued a $90.00 price objective on shares of PriceSmart in a research note on Thursday, March 8th. Ifs Securities raised PriceSmart from a “market perform” rating to an “outperform” rating in a research note on Friday, December 29th. Finally, BidaskClub upgraded PriceSmart from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. PriceSmart currently has a consensus rating of “Hold” and a consensus target price of $92.50.
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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