Deutsche Bank AG Buys Shares of 27,456 PriceSmart, Inc. $PSMT

Deutsche Bank AG bought a new position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,456 shares of the company's stock, valued at approximately $5,363,000. Deutsche Bank AG owned approximately 0.09% of PriceSmart as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of PSMT. Geneos Wealth Management Inc. grew its position in shares of PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company's stock worth $26,000 after buying an additional 252 shares during the last quarter. UMB Bank n.a. raised its stake in shares of PriceSmart by 76.0% during the 4th quarter. UMB Bank n.a. now owns 227 shares of the company's stock worth $28,000 after acquiring an additional 98 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in PriceSmart during the fourth quarter valued at approximately $32,000. Bell Investment Advisors Inc purchased a new stake in PriceSmart during the second quarter valued at approximately $40,000. Finally, Osaic Holdings Inc. boosted its stake in PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company's stock valued at $52,000 after acquiring an additional 179 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Stock Up 1.2%

PSMT stock opened at $174.86 on Tuesday. The firm has a 50 day moving average of $186.17 and a 200 day moving average of $167.55. The stock has a market capitalization of $5.40 billion, a PE ratio of 33.56 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 52 week low of $105.46 and a 52 week high of $199.84.

PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.04). PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The company's revenue for the quarter was up 12.5% compared to the same quarter last year.

Insider Activity at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 338 shares of PriceSmart stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $177.87, for a total transaction of $60,120.06. Following the completion of the sale, the executive vice president owned 75,321 shares of the company's stock, valued at approximately $13,397,346.27. The trade was a 0.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Beatriz V. Infante sold 800 shares of the business's stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $195.98, for a total value of $156,784.00. Following the sale, the director owned 11,210 shares in the company, valued at approximately $2,196,935.80. The trade was a 6.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,737 shares of company stock valued at $1,506,176 in the last ninety days. Company insiders own 17.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PSMT shares. Weiss Ratings lowered shares of PriceSmart from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday, May 29th. Jefferies Financial Group reiterated a "buy" rating and set a $198.00 price objective on shares of PriceSmart in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $198.00.

PriceSmart Profile

PriceSmart, Inc NASDAQ: PSMT is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart's value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company's product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.

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