PriceSmart, Inc. (NASDAQ:PSMT) Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,151 shares of the company's stock after selling 4,225 shares during the quarter. Royal Bank of Canada owned about 0.88% of PriceSmart worth $24,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in PriceSmart by 536.7% during the 4th quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock worth $29,000 after purchasing an additional 263 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of PriceSmart in the 4th quarter valued at $53,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of PriceSmart by 3,905.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock valued at $63,000 after acquiring an additional 664 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of PriceSmart by 393.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 715 shares of the company's stock valued at $65,000 after acquiring an additional 570 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in shares of PriceSmart by 17,300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company's stock valued at $80,000 after acquiring an additional 865 shares during the period. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

PriceSmart Stock Down 0.4%

Shares of NASDAQ:PSMT traded down $0.41 on Thursday, reaching $106.23. The company had a trading volume of 23,416 shares, compared to its average volume of 190,265. PriceSmart, Inc. has a 52-week low of $77.51 and a 52-week high of $108.64. The firm's 50 day simple moving average is $96.18 and its 200-day simple moving average is $92.37. The firm has a market capitalization of $3.27 billion, a PE ratio of 23.42 and a beta of 0.75. 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 announced its quarterly earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06). The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The company's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.31 earnings per share. As a group, analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded PriceSmart from a "hold" rating to a "buy" rating in a report on Monday, March 10th.

Insider Transactions at PriceSmart

In other news, Director Jeffrey Fisher sold 3,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $102.21, for a total value of $306,630.00. Following the completion of the sale, the director now owns 13,011 shares of the company's stock, valued at $1,329,854.31. This trade represents a 18.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Kovaleski sold 896 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $100.85, for a total value of $90,361.60. Following the completion of the sale, the executive vice president now directly owns 43,039 shares of the company's stock, valued at $4,340,483.15. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,836 shares of company stock valued at $1,005,273 in the last quarter. 17.10% of the stock is currently owned by corporate insiders.

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.