Baillie Gifford & Co. increased its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,214,396 shares of the company’s stock after purchasing an additional 11,345 shares during the period. Baillie Gifford & Co.’s holdings in PriceSmart were worth $71,771,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Paradigm Asset Management Co. LLC increased its holdings in shares of PriceSmart by 188.9% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 1,300 shares of the company’s stock valued at $105,000 after acquiring an additional 850 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of PriceSmart by 1.1% in the 3rd quarter. Teachers Advisors LLC now owns 55,601 shares of the company’s stock valued at $4,501,000 after acquiring an additional 612 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of PriceSmart by 4.8% in the 3rd quarter. Wells Fargo & Company MN now owns 304,354 shares of the company’s stock valued at $24,637,000 after acquiring an additional 14,046 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of PriceSmart by 265.7% in the 4th quarter. SG Americas Securities LLC now owns 30,778 shares of the company’s stock valued at $1,819,000 after acquiring an additional 22,361 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in PriceSmart by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,261,547 shares of the company’s stock worth $183,072,000 after buying an additional 49,836 shares during the last quarter. 74.50% of the stock is currently owned by hedge funds and other institutional investors.

PSMT stock traded up $0.01 during trading on Thursday, reaching $63.74. 327 shares of the company’s stock were exchanged, compared to its average volume of 87,291. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.38 and a current ratio of 1.30. PriceSmart, Inc. has a 1-year low of $55.53 and a 1-year high of $94.45. The firm has a market capitalization of $1.92 billion, a PE ratio of 26.09 and a beta of 0.89.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, January 9th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.17. PriceSmart had a return on equity of 11.73% and a net margin of 2.09%. The company had revenue of $779.60 million during the quarter, compared to analyst estimates of $795.03 million. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts predict that PriceSmart, Inc. will post 2.67 earnings per share for the current fiscal year.

The firm also recently declared a semiannual dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 15th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, February 14th. This represents a yield of 1.15%. PriceSmart’s dividend payout ratio (DPR) is presently 28.81%.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. BidaskClub downgraded PriceSmart from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 31st. Finally, ValuEngine downgraded PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company. PriceSmart currently has a consensus rating of “Hold” and a consensus price target of $77.00.

In other PriceSmart news, Director Robert E. Price sold 10,000 shares of the business’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $62.20, for a total transaction of $622,000.00. Following the completion of the transaction, the director now owns 80 shares in the company, valued at approximately $4,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mitchell G. Lynn sold 592 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $60.91, for a total value of $36,058.72. Following the transaction, the director now owns 1,988 shares of the company’s stock, valued at approximately $121,089.08. The disclosure for this sale can be found here. Insiders have sold a total of 33,309 shares of company stock valued at $2,065,264 in the last quarter. 27.10% of the stock is currently owned by insiders.

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PriceSmart Profile

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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