Ellington Management Group LLC bought a new position in PriceSmart, Inc. (NASDAQ:PSMT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,700 shares of the company’s stock, valued at approximately $232,000.
A number of other institutional investors also recently made changes to their positions in the stock. Stone Ridge Asset Management LLC bought a new position in PriceSmart in the 4th quarter worth $524,000. Guggenheim Capital LLC bought a new position in PriceSmart in the 4th quarter worth $203,000. Deutsche Bank AG raised its holdings in PriceSmart by 129.7% in the 4th quarter. Deutsche Bank AG now owns 52,441 shares of the company’s stock worth $4,513,000 after purchasing an additional 29,609 shares during the period. Weil Company Inc. bought a new position in PriceSmart in the 4th quarter worth $499,000. Finally, Renaissance Technologies LLC raised its holdings in PriceSmart by 2.3% in the 4th quarter. Renaissance Technologies LLC now owns 683,900 shares of the company’s stock worth $58,884,000 after purchasing an additional 15,600 shares during the period. 77.30% of the stock is currently owned by institutional investors.
PriceSmart, Inc. (NASDAQ PSMT) opened at $81.15 on Tuesday. PriceSmart, Inc. has a twelve month low of $77.50 and a twelve month high of $94.00. The company has a market capitalization of $2,468.77, a price-to-earnings ratio of 28.00 and a beta of 1.30. 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 issued its quarterly earnings results on Thursday, January 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.08). PriceSmart had a return on equity of 12.61% and a net margin of 2.92%. The business had revenue of $767.10 million during the quarter, compared to analysts’ expectations of $764.67 million. During the same quarter in the previous year, the company posted $0.82 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. analysts anticipate that PriceSmart, Inc. will post 3.2 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, August 14th. This represents a yield of 0.8%. PriceSmart’s payout ratio is presently 24.14%.
A number of brokerages recently commented on PSMT. BidaskClub raised PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research raised PriceSmart from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $90.00 target price on shares of PriceSmart in a report on Thursday, March 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. PriceSmart has an average rating of “Hold” and a consensus target price of $92.50.
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PriceSmart Company Profile
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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