Boston Trust Walden Corp Has $34.34 Million Stake in PriceSmart, Inc. $PSMT

Boston Trust Walden Corp trimmed its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 11.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 228,204 shares of the company’s stock after selling 30,046 shares during the period. Boston Trust Walden Corp owned 0.74% of PriceSmart worth $34,345,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of PriceSmart by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,258,234 shares of the company’s stock worth $152,489,000 after acquiring an additional 10,537 shares in the last quarter. State Street Corp grew its position in PriceSmart by 2.4% in the second quarter. State Street Corp now owns 1,045,998 shares of the company’s stock worth $109,872,000 after acquiring an additional 24,512 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of PriceSmart by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 763,261 shares of the company’s stock worth $93,640,000 after purchasing an additional 7,095 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of PriceSmart by 37.0% during the 3rd quarter. Victory Capital Management Inc. now owns 651,499 shares of the company’s stock worth $78,955,000 after purchasing an additional 175,806 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of PriceSmart by 13.3% during the 3rd quarter. Invesco Ltd. now owns 624,985 shares of the company’s stock valued at $75,742,000 after purchasing an additional 73,419 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PriceSmart

In other news, Director Gordon H. Hanson sold 635 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $157.60, for a total transaction of $100,076.00. Following the completion of the transaction, the director directly owned 8,149 shares of the company’s stock, valued at approximately $1,284,282.40. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edgar Zurcher sold 2,259 shares of PriceSmart stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $155.17, for a total transaction of $350,529.03. Following the sale, the director 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,232 shares of company stock worth $504,198. Company insiders own 17.00% of the company’s stock.

PriceSmart Price Performance

PSMT opened at $197.90 on Friday. The business has a 50 day moving average of $172.24 and a 200-day moving average of $154.33. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 39.03 and a beta of 0.76. The company has a current ratio of 1.29, a quick ratio of 0.52 and a debt-to-equity ratio of 0.10. PriceSmart, Inc. has a 1-year low of $101.30 and a 1-year high of $199.41.

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

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, PriceSmart has a consensus rating of “Buy”.

About PriceSmart

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.