6,413 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,413 shares of the company's stock, valued at approximately $591,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in PriceSmart by 227.3% in the 3rd quarter. Barclays PLC now owns 46,710 shares of the company's stock valued at $4,287,000 after acquiring an additional 32,438 shares during the period. Burney Co. bought a new stake in PriceSmart during the fourth quarter worth about $5,030,000. Harbor Capital Advisors Inc. lifted its position in PriceSmart by 47.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company's stock worth $1,677,000 after purchasing an additional 5,818 shares during the period. JPMorgan Chase & Co. lifted its position in PriceSmart by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 42,955 shares of the company's stock worth $3,942,000 after purchasing an additional 3,406 shares during the period. Finally, Foster & Motley Inc. lifted its position in PriceSmart by 40.9% during the fourth quarter. Foster & Motley Inc. now owns 18,299 shares of the company's stock worth $1,687,000 after purchasing an additional 5,315 shares during the period. 80.46% of the stock is owned by institutional investors.

PriceSmart Price Performance

NASDAQ:PSMT traded down $0.35 during mid-day trading on Tuesday, reaching $103.54. The stock had a trading volume of 18,853 shares, compared to its average volume of 254,402. The stock has a 50-day simple moving average of $91.51 and a two-hundred day simple moving average of $91.06. The stock has a market capitalization of $3.18 billion, a PE ratio of 22.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. PriceSmart, Inc. has a 12 month low of $77.51 and a 12 month high of $108.01.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly earnings data 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). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business earned $1.31 earnings per share. The business's revenue was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Insider Activity at PriceSmart

In other news, EVP Paul Kovaleski sold 896 shares of the firm's stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Francisco Velasco sold 550 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $99.74, for a total transaction of $54,857.00. Following the transaction, the executive vice president now owns 78,458 shares in the company, valued at $7,825,400.92. This represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,646 shares of company stock worth $164,223 in the last quarter. 17.10% of the stock is owned by insiders.

Analyst Ratings Changes

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

PriceSmart 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.