Diversified Trust Co Boosts Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Diversified Trust Co lifted its stake in shares of PriceSmart, Inc. (NASDAQ:PSMTFree Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,263 shares of the company’s stock after acquiring an additional 304 shares during the period. Diversified Trust Co’s holdings in PriceSmart were worth $626,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Bessemer Group Inc. boosted its holdings in PriceSmart by 50.1% in the second quarter. Bessemer Group Inc. now owns 578 shares of the company’s stock valued at $43,000 after acquiring an additional 193 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of PriceSmart by 0.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 45,160 shares of the company’s stock worth $3,235,000 after purchasing an additional 200 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of PriceSmart by 5.1% in the 3rd quarter. Rafferty Asset Management LLC now owns 4,270 shares of the company’s stock valued at $318,000 after purchasing an additional 208 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of PriceSmart by 1.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 21,203 shares of the company’s stock worth $1,716,000 after purchasing an additional 218 shares during the period. Finally, Captrust Financial Advisors grew its holdings in shares of PriceSmart by 9.0% during the 1st quarter. Captrust Financial Advisors now owns 2,712 shares of the company’s stock worth $214,000 after purchasing an additional 223 shares during the period. 81.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on PSMT. Jefferies Financial Group started coverage on shares of PriceSmart in a research report on Friday, December 1st. They set a “buy” rating and a $82.00 price target on the stock. StockNews.com downgraded shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 11th. Finally, TheStreet raised shares of PriceSmart from a “c+” rating to a “b-” rating in a research report on Tuesday, January 30th.

View Our Latest Stock Analysis on PSMT

PriceSmart Stock Performance

Shares of NASDAQ:PSMT opened at $80.69 on Wednesday. The business’s 50-day simple moving average is $79.60 and its 200 day simple moving average is $74.86. The company has a market cap of $2.46 billion, a P/E ratio of 21.87 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.50 and a current ratio of 1.25. PriceSmart, Inc. has a one year low of $61.82 and a one year high of $84.93.

PriceSmart (NASDAQ:PSMTGet Free Report) last announced its earnings results on Wednesday, January 10th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.15. PriceSmart had a net margin of 2.53% and a return on equity of 11.92%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that PriceSmart, Inc. will post 4.38 earnings per share for the current fiscal year.

PriceSmart Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a $0.58 dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, August 14th. PriceSmart’s dividend payout ratio (DPR) is 31.44%.

About PriceSmart

(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.

See Also

Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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