LSV Asset Management Invests $1.33 Million in PriceSmart, Inc. (NASDAQ:PSMT)

LSV Asset Management purchased a new stake in shares of PriceSmart, Inc. (NASDAQ:PSMTFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,522 shares of the company’s stock, valued at approximately $1,328,000. LSV Asset Management owned 0.06% of PriceSmart as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in PriceSmart during the third quarter valued at about $47,000. CWM LLC lifted its holdings in PriceSmart by 331.4% during the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock valued at $79,000 after purchasing an additional 802 shares during the last quarter. CI Investments Inc. purchased a new stake in PriceSmart during the third quarter valued at about $158,000. Watershed Asset Management L.L.C. purchased a new stake in PriceSmart during the third quarter valued at about $268,000. Finally, Cerity Partners LLC purchased a new stake in PriceSmart during the fourth quarter valued at about $272,000. Institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PSMT. TheStreet raised shares of PriceSmart from a “c+” rating to a “b-” rating in a report on Tuesday, January 30th. Jefferies Financial Group increased their price target on shares of PriceSmart from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, StockNews.com downgraded shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 13th.

Read Our Latest Stock Analysis on PriceSmart

PriceSmart Stock Performance

PriceSmart stock opened at $85.40 on Friday. The company has a market capitalization of $2.62 billion, a PE ratio of 21.46 and a beta of 0.92. The firm has a fifty day simple moving average of $82.09 and a two-hundred day simple moving average of $76.66. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $86.90.

PriceSmart (NASDAQ:PSMTGet Free Report) last announced its earnings results on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. Research analysts expect that PriceSmart, Inc. will post 4.64 EPS for the current year.

PriceSmart Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were issued a $1.00 dividend. The ex-dividend date was Thursday, April 18th. PriceSmart’s dividend payout ratio (DPR) is 29.15%.

Insiders Place Their Bets

In other PriceSmart news, EVP Paul Kovaleski sold 1,176 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $81.72, for a total value of $96,102.72. Following the completion of the transaction, the executive vice president now owns 44,950 shares in the company, valued at $3,673,314. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Sherry S. Bahrambeygui sold 2,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $84.56, for a total transaction of $169,120.00. Following the sale, the director now directly owns 89,738 shares of the company’s stock, valued at $7,588,245.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Kovaleski sold 1,176 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $81.72, for a total value of $96,102.72. Following the completion of the transaction, the executive vice president now directly owns 44,950 shares in the company, valued at $3,673,314. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,458 shares of company stock worth $1,598,435. 18.60% of the stock is owned by corporate insiders.

PriceSmart Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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