LSV Asset Management buys 52,600 shares of PriceSmart, Inc. (NASDAQ:PSMT)

LSV Asset Management raised its position in PriceSmart, Inc. (NASDAQ:PSMT – Free Report) by 28.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 234,571 shares of the company’s stock after purchasing an additional 52,600 shares during the period. LSV Asset Management’s holdings in PriceSmart were worth $19,047,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of PriceSmart by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company’s stock worth $287,671,000 after acquiring an additional 105,405 shares during the period. EdgePoint Investment Group Inc. increased its holdings in shares of PriceSmart by 1.1% in the first quarter. EdgePoint Investment Group Inc. now owns 2,713,463 shares of the company’s stock worth $227,931,000 after acquiring an additional 30,045 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of PriceSmart by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,261,945 shares of the company’s stock worth $95,631,000 after acquiring an additional 60,673 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of PriceSmart by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 264,585 shares of the company’s stock worth $21,484,000 after acquiring an additional 2,789 shares during the period. Finally, Panagora Asset Management Inc. raised its holdings in shares of PriceSmart by 5.3% in the second quarter. Panagora Asset Management Inc. now owns 161,030 shares of the company’s stock worth $13,076,000 after acquiring an additional 8,064 shares during the period. Institutional investors own 80.46% of the company’s shares.

PriceSmart price performance

NASDAQ PSMT opened at $85.14 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.49, and a debt-to-equity ratio of 0.09. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month high of $92.76. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 20.67 and a beta of 0.85. The company’s 50-day moving average is $85.60, and its two-hundred-day moving average is $83.49.

PriceSmart (NASDAQ:PSMT – Get Your Free Report ) last released its earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. PriceSmart’s revenue for the quarter was up 12.1% year over year. In the same quarter last year, the company earned $1.02 EPS. As a group, research analysts anticipate that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

Changes in Analyst Ratings

Separately, StockNews.com raised PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

Check out our latest report on PriceSmart

Indoor activity

In related news, CFO Michael Mccleary sold 4,000 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $87.51, for a total transaction of $350,040.00. Following the completion of the sale, the chief financial officer now owns 67,474 shares in the company, valued at $5,904,649.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other news, EVP Francisco Velasco sold 1,298 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $87.00, for a total value of $112,926.00. Following the transaction, the executive vice president now owns 81,751 shares of the company’s stock, valued at $7,112,337. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Also, CFO Michael Mccleary sold 4,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $87.51, for a total transaction of $350,040.00. Following the transaction, the chief financial officer now owns 67,474 shares of the company’s stock, valued at approximately $5,904,649.74. The disclosure for this sale can be found here. Insiders have sold 20,904 shares of company stock worth $1,806,714 over the last ninety days. Corporate insiders own 18.60% of the company’s shares.

PriceSmart profile

(Free Report)

PriceSmart, Inc owns and operates American-style membership shopping warehouse clubs in the United States, Central America, the Caribbean and Colombia. The company provides consumer staples and private label products under the Member’s Selection brand, including grocery, cleaning products, health and beauty products, meat, vegetables, deli, seafood and poultry.

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