Bank of Montreal Can Has $96.30 Million Position in PriceSmart, Inc. (PSMT)

Bank of Montreal Can lowered its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,118,521 shares of the company’s stock after selling 3,839 shares during the period. Bank of Montreal Can’s holdings in PriceSmart were worth $96,304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PSMT. Vanguard Group Inc. grew its stake in PriceSmart by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,026,266 shares of the company’s stock valued at $177,501,000 after acquiring an additional 10,009 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in PriceSmart by 9.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,511,335 shares of the company’s stock valued at $134,887,000 after acquiring an additional 132,555 shares in the last quarter. BlackRock Inc. grew its stake in PriceSmart by 2.5% during the 2nd quarter. BlackRock Inc. now owns 1,319,667 shares of the company’s stock valued at $115,604,000 after acquiring an additional 32,748 shares in the last quarter. FMR LLC grew its stake in PriceSmart by 1.0% during the 2nd quarter. FMR LLC now owns 1,124,293 shares of the company’s stock valued at $98,488,000 after acquiring an additional 10,907 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in PriceSmart by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 654,058 shares of the company’s stock valued at $58,374,000 after acquiring an additional 12,039 shares in the last quarter. 72.83% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on PSMT. TheStreet raised PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Roth Capital reaffirmed a “buy” rating and set a $100.00 target price on shares of PriceSmart in a research note on Monday, October 2nd. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of PriceSmart in a research note on Friday, January 5th. Howard Weil cut PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 5th. Finally, Scotiabank cut PriceSmart to a “hold” rating and set a $90.00 target price on the stock. in a research note on Friday, January 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $91.75.

In related news, EVP Chong Jesus Von sold 620 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $80.28, for a total value of $49,773.60. Following the completion of the sale, the executive vice president now owns 27,001 shares of the company’s stock, valued at approximately $2,167,640.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Hildebrandt sold 1,614 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total value of $134,720.58. Following the completion of the sale, the executive vice president now directly owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The disclosure for this sale can be found here. In the last three months, insiders sold 44,997 shares of company stock valued at $3,683,782. 28.00% of the stock is currently owned by company insiders.

Shares of PriceSmart, Inc. (NASDAQ:PSMT) opened at $84.20 on Thursday. The company has a market capitalization of $2,523.49, a P/E ratio of 29.03 and a beta of 1.31. PriceSmart, Inc. has a 12 month low of $78.00 and a 12 month high of $94.00. The company has a quick ratio of 0.44, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.08). The firm had revenue of $767.10 million during the quarter, compared to the consensus estimate of $764.67 million. PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. research analysts expect that PriceSmart, Inc. will post 3.2 earnings per share for the current year.

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About PriceSmart

PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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