Raymond James & Associates grew its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 33.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,902 shares of the company’s stock after purchasing an additional 23,389 shares during the period. Raymond James & Associates owned about 0.31% of PriceSmart worth $5,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PSMT. Paradigm Asset Management Co. LLC grew its position in shares of PriceSmart by 188.9% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 1,300 shares of the company’s stock worth $105,000 after buying an additional 850 shares in the last quarter. ETF Managers Group LLC grew its position in shares of PriceSmart by 15.6% during the 4th quarter. ETF Managers Group LLC now owns 1,555 shares of the company’s stock worth $92,000 after buying an additional 210 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of PriceSmart during the 4th quarter worth $141,000. Rafferty Asset Management LLC bought a new position in shares of PriceSmart during the 3rd quarter worth $277,000. Finally, Wesbanco Bank Inc. bought a new stake in PriceSmart during the fourth quarter valued at about $222,000. Institutional investors and hedge funds own 74.50% of the company’s stock.

In other news, EVP Frank Ramon Diaz sold 600 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $64.86, for a total value of $38,916.00. Following the completion of the transaction, the executive vice president now directly owns 11,155 shares in the company, valued at $723,513.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert E. Price sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $58.55, for a total value of $585,500.00. Following the completion of the transaction, the director now owns 80 shares of the company’s stock, valued at $4,684. The disclosure for this sale can be found here. In the last three months, insiders sold 33,309 shares of company stock valued at $2,065,264. Corporate insiders own 27.10% of the company’s stock.

A number of brokerages recently weighed in on PSMT. Zacks Investment Research raised PriceSmart from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Friday, January 18th. ValuEngine downgraded PriceSmart from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, BidaskClub downgraded PriceSmart from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. PriceSmart currently has a consensus rating of “Hold” and an average target price of $77.00.

Shares of PSMT stock opened at $62.34 on Friday. PriceSmart, Inc. has a 1-year low of $55.53 and a 1-year high of $94.45. The stock has a market cap of $1.90 billion, a P/E ratio of 25.65 and a beta of 0.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.38 and a current ratio of 1.30.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, January 9th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.17. The business had revenue of $779.60 million during the quarter, compared to the consensus estimate of $795.03 million. PriceSmart had a return on equity of 11.73% and a net margin of 2.09%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.74 earnings per share. On average, equities analysts anticipate that PriceSmart, Inc. will post 2.67 earnings per share for the current fiscal year.

The firm also recently declared a semiannual dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 15th were issued a $0.35 dividend. This represents a yield of 1.15%. The ex-dividend date of this dividend was Thursday, February 14th. PriceSmart’s dividend payout ratio is presently 28.81%.

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PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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