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.
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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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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