TIAA CREF Investment Management LLC lowered its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 4.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 79,841 shares of the company’s stock after selling 3,661 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.27% of PriceSmart worth $7,361,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in PriceSmart by 16.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,269,690 shares of the company’s stock worth $117,066,000 after buying an additional 174,683 shares during the last quarter. Norges Bank purchased a new stake in PriceSmart during the fourth quarter worth approximately $13,240,000. Bank of Montreal Can boosted its stake in PriceSmart by 4.8% in the first quarter. Bank of Montreal Can now owns 910,818 shares of the company’s stock worth $83,978,000 after buying an additional 41,599 shares during the last quarter. State Street Corp boosted its stake in PriceSmart by 6.6% in the fourth quarter. State Street Corp now owns 425,267 shares of the company’s stock worth $35,509,000 after buying an additional 26,400 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in PriceSmart by 1.7% in the first quarter. Wellington Management Group LLP now owns 1,348,139 shares of the company’s stock worth $124,298,000 after buying an additional 21,936 shares during the last quarter. Hedge funds and other institutional investors own 71.61% of the company’s stock.
Shares of PriceSmart, Inc. (PSMT) opened at 81.65 on Wednesday. The stock has a market cap of $2.45 billion, a PE ratio of 26.69 and a beta of 1.26. PriceSmart, Inc. has a one year low of $75.80 and a one year high of $94.40. The company has a 50-day moving average of $87.89 and a 200 day moving average of $87.71.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, July 5th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by $0.05. The firm had revenue of $730.30 million for the quarter, compared to the consensus estimate of $734.80 million. PriceSmart had a return on equity of 14.05% and a net margin of 3.13%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. On average, analysts predict that PriceSmart, Inc. will post $3.17 earnings per share for the current year.
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A number of equities research analysts have recently commented on PSMT shares. Roth Capital set a $102.00 price target on shares of PriceSmart and gave the company a “buy” rating in a report on Thursday, May 18th. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Thursday, July 6th.
In other PriceSmart news, Director Mitchell G. Lynn sold 2,436 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $86.23, for a total transaction of $210,056.28. Following the transaction, the director now owns 405 shares in the company, valued at approximately $34,923.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Laura Santana sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $86.77, for a total transaction of $95,447.00. Following the transaction, the executive vice president now owns 17,604 shares in the company, valued at approximately $1,527,499.08. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.
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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