Federated Hermes Inc. raised its holdings in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 12.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,641 shares of the company's stock after purchasing an additional 3,812 shares during the quarter. Federated Hermes Inc. owned 0.11% of PriceSmart worth $2,955,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in PriceSmart by 2.3% in the first quarter. Principal Financial Group Inc. now owns 131,194 shares of the company's stock valued at $11,525,000 after purchasing an additional 3,003 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in PriceSmart by 68.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,759 shares of the company's stock valued at $418,000 after purchasing an additional 1,928 shares during the period. New York State Teachers Retirement System raised its position in PriceSmart by 19.3% in the first quarter. New York State Teachers Retirement System now owns 10,785 shares of the company's stock valued at $947,000 after purchasing an additional 1,742 shares during the period. Harbor Capital Advisors Inc. raised its position in PriceSmart by 522.5% in the first quarter. Harbor Capital Advisors Inc. now owns 113,268 shares of the company's stock valued at $9,951,000 after purchasing an additional 95,073 shares during the period. Finally, GAMMA Investing LLC raised its position in PriceSmart by 7,364.9% in the first quarter. GAMMA Investing LLC now owns 69,050 shares of the company's stock valued at $6,066,000 after purchasing an additional 68,125 shares during the period. Hedge funds and other institutional investors own 80.46% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised PriceSmart from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th.
View Our Latest Stock Report on PSMT
PriceSmart Trading Up 0.9%
Shares of NASDAQ PSMT traded up $1.02 during trading on Friday, reaching $112.31. The stock had a trading volume of 50,237 shares, compared to its average volume of 240,013. PriceSmart, Inc. has a fifty-two week low of $81.13 and a fifty-two week high of $113.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 1.28. The business's 50-day moving average price is $106.63 and its 200-day moving average price is $97.79. The company has a market cap of $3.45 billion, a P/E ratio of 23.69 and a beta of 0.77.
PriceSmart (NASDAQ:PSMT - Get Free Report) last released its earnings results on Thursday, July 10th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). PriceSmart had a return on equity of 12.46% and a net margin of 2.82%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.
Insider Buying and Selling
In other PriceSmart news, Director Jeffrey Fisher sold 3,000 shares of PriceSmart stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $102.21, for a total transaction of $306,630.00. Following the completion of the sale, the director directly owned 13,011 shares of the company's stock, valued at $1,329,854.31. The trade was a 18.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leon C. Janks sold 3,000 shares of PriceSmart stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $101.78, for a total value of $305,340.00. Following the sale, the director directly owned 33,734 shares of the company's stock, valued at $3,433,446.52. This trade represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,940 shares of company stock valued at $918,525. Company insiders own 17.10% of the company's stock.
About PriceSmart
(
Free Report)
PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.
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