Northern Trust Corp Has $32.70 Million Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

Northern Trust Corp raised its stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 354,720 shares of the company's stock after acquiring an additional 40,927 shares during the quarter. Northern Trust Corp owned approximately 1.16% of PriceSmart worth $32,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in shares of 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 buying an additional 263 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of PriceSmart in the fourth quarter worth about $53,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of PriceSmart by 3,905.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock worth $63,000 after buying an additional 664 shares during the period. Smartleaf Asset Management LLC boosted 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 worth $65,000 after buying an additional 570 shares during the period. Finally, Parkside Financial Bank & Trust boosted 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 worth $80,000 after buying an additional 865 shares during the period. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised PriceSmart from a "hold" rating to a "buy" rating in a research report on Monday, March 10th.

Insider Activity at PriceSmart

In other news, EVP Francisco Velasco sold 550 shares of PriceSmart stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $99.74, for a total value of $54,857.00. Following the transaction, the executive vice president now directly owns 78,458 shares in the company, valued at approximately $7,825,400.92. The trade was a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Fisher sold 2,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $104.00, for a total value of $208,000.00. Following the transaction, the director now owns 11,011 shares in the company, valued at $1,145,144. This represents a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,836 shares of company stock worth $1,005,273 in the last three months. 17.10% of the stock is owned by company insiders.

PriceSmart Stock Up 0.8%

PSMT traded up $0.87 on Friday, reaching $104.33. The company's stock had a trading volume of 42,002 shares, compared to its average volume of 189,282. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 22.98 and a beta of 0.75. PriceSmart, Inc. has a 1 year low of $77.51 and a 1 year high of $108.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. The business's 50 day moving average is $92.36 and its 200 day moving average is $91.29.

PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06). The business 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 for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 EPS. As a group, research analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

About PriceSmart

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.