LSV Asset Management Trims Stock Holdings in PriceSmart, Inc. $PSMT

LSV Asset Management lowered its position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 19.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 168,026 shares of the company's stock after selling 41,827 shares during the quarter. LSV Asset Management owned about 0.55% of PriceSmart worth $17,649,000 at the end of the most recent quarter.

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Several other hedge funds and other institutional investors also recently modified their holdings of the business. New Age Alpha Advisors LLC lifted its stake in shares of PriceSmart by 914.7% in the 1st quarter. New Age Alpha Advisors LLC now owns 53,900 shares of the company's stock valued at $4,735,000 after acquiring an additional 48,588 shares during the last quarter. Dark Forest Capital Management LP increased its stake in shares of PriceSmart by 665.0% during the first quarter. Dark Forest Capital Management LP now owns 38,711 shares of the company's stock valued at $3,401,000 after buying an additional 33,651 shares during the period. Comerica Bank increased its position in shares of PriceSmart by 59.0% during the first quarter. Comerica Bank now owns 18,370 shares of the company's stock valued at $1,614,000 after buying an additional 6,817 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in PriceSmart during the 2nd quarter valued at approximately $680,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of PriceSmart by 41.7% during the 1st quarter. Russell Investments Group Ltd. now owns 26,859 shares of the company's stock worth $2,360,000 after acquiring an additional 7,907 shares during the period. Hedge funds and other institutional investors own 80.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on PSMT. Weiss Ratings reissued a "buy (a-)" rating on shares of PriceSmart in a research report on Monday. Wall Street Zen upgraded PriceSmart from a "hold" rating to a "buy" rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

• Time to Take a Bite of This Stock's Enticing Value

Read Our Latest Report on PSMT

Insider Buying and Selling

In other news, Director Gordon H. Hanson sold 851 shares of the business's stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $117.44, for a total value of $99,941.44. Following the completion of the sale, the director directly owned 7,653 shares of the company's stock, valued at approximately $898,768.32. The trade was a 10.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John D. Hildebrandt sold 10,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $115.10, for a total transaction of $1,151,000.00. Following the transaction, the chief operating officer directly owned 115,615 shares of the company's stock, valued at $13,307,286.50. This represents a 7.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,460 shares of company stock valued at $2,546,968 over the last three months. 17.10% of the stock is currently owned by insiders.

PriceSmart Stock Up 0.0%

• Why This Retail Stock Is on Track to Hit a Multiyear High

PriceSmart stock opened at $116.05 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.28 and a quick ratio of 0.50. The stock has a market capitalization of $3.58 billion, a PE ratio of 24.48 and a beta of 0.84. The business has a 50 day simple moving average of $119.29 and a 200-day simple moving average of $111.30. PriceSmart, Inc. has a 12 month low of $81.25 and a 12 month high of $125.48.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.08). PriceSmart had a net margin of 2.82% and a return on equity of 12.46%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The firm's revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

PriceSmart Company Profile

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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