PriceSmart, Inc. $PSMT Stock Position Decreased by Foster & Motley Inc.

Foster & Motley Inc. lowered its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 22.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,694 shares of the company’s stock after selling 3,096 shares during the period. Foster & Motley Inc.’s holdings in PriceSmart were worth $1,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in shares of PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after purchasing an additional 252 shares during the last quarter. UMB Bank n.a. increased its position in PriceSmart by 76.0% in the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after buying an additional 98 shares during the period. CENTRAL TRUST Co bought a new stake in PriceSmart in the fourth quarter valued at $32,000. Osaic Holdings Inc. lifted its stake in PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after buying an additional 179 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of PriceSmart by 45,600.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock valued at $56,000 after acquiring an additional 456 shares during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Edgar Zurcher sold 2,259 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $155.17, for a total transaction of $350,529.03. Following the completion of the transaction, the director directly owned 8,151 shares in the company, valued at approximately $1,264,790.67. This trade represents a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of PriceSmart stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $158.56, for a total value of $53,593.28. Following the completion of the sale, the executive vice president directly owned 75,659 shares in the company, valued at approximately $11,996,491.04. This represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,232 shares of company stock worth $504,198. Corporate insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

PriceSmart Stock Up 0.2%

PriceSmart stock opened at $196.25 on Friday. The firm has a market cap of $6.06 billion, a PE ratio of 38.71 and a beta of 0.78. PriceSmart, Inc. has a twelve month low of $101.30 and a twelve month high of $197.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.52 and a current ratio of 1.29. The firm’s 50 day moving average price is $168.53 and its two-hundred day moving average price is $151.90.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, April 8th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.57 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. PriceSmart had a return on equity of 12.23% and a net margin of 2.82%.The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share.

PriceSmart Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.