PriceSmart, Inc. (NASDAQ:PSMT) Shares Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 25.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 26,044 shares of the company's stock after acquiring an additional 5,213 shares during the period. E. Ohman J or Asset Management AB owned about 0.08% of PriceSmart worth $2,288,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PSMT. Sterling Capital Management LLC raised its position in shares of PriceSmart by 536.7% in the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock valued at $29,000 after buying an additional 263 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of PriceSmart in the fourth quarter valued at about $53,000. Smartleaf Asset Management LLC raised its position in shares of PriceSmart by 393.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 715 shares of the company's stock valued at $65,000 after buying an additional 570 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of PriceSmart by 17,300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 870 shares of the company's stock valued at $80,000 after buying an additional 865 shares during the last quarter. Finally, KBC Group NV increased its position in PriceSmart by 49.0% during the fourth quarter. KBC Group NV now owns 1,159 shares of the company's stock worth $107,000 after purchasing an additional 381 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

PriceSmart Price Performance

PriceSmart stock opened at $108.19 on Friday. PriceSmart, Inc. has a 12-month low of $77.51 and a 12-month high of $109.19. The stock has a market cap of $3.33 billion, a P/E ratio of 23.83 and a beta of 0.81. The company has a 50-day moving average price of $99.07 and a 200 day moving average price of $93.27. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.06). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $1.31 earnings per share. PriceSmart's revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of PriceSmart from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st.

Insider Buying and Selling

In other PriceSmart news, EVP Paul Kovaleski sold 896 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $100.85, for a total transaction of $90,361.60. Following the completion of the transaction, the executive vice president now owns 43,039 shares of the company's stock, valued at $4,340,483.15. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Fisher sold 3,000 shares of the 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 transaction, the director now directly owns 13,011 shares of the company's stock, valued at approximately $1,329,854.31. This trade represents a 18.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,836 shares of company stock worth $1,005,273. Insiders own 17.10% of the company's stock.

PriceSmart Company Profile

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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