Mirae Asset Global Investments Co. Ltd. Has $903,000 Stake in PriceSmart, Inc. (NASDAQ:PSMT)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,922 shares of the company’s stock after buying an additional 654 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in PriceSmart were worth $903,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in PriceSmart by 4.4% during the third quarter. Vanguard Group Inc. now owns 3,177,335 shares of the company’s stock worth $236,489,000 after buying an additional 133,814 shares during the last quarter. American Century Companies Inc. grew its position in shares of PriceSmart by 114.4% in the third quarter. American Century Companies Inc. now owns 492,976 shares of the company’s stock valued at $36,692,000 after purchasing an additional 263,016 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of PriceSmart by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 392,529 shares of the company’s stock valued at $29,216,000 after purchasing an additional 11,470 shares during the last quarter. Northern Trust Corp grew its position in shares of PriceSmart by 0.3% in the third quarter. Northern Trust Corp now owns 293,127 shares of the company’s stock valued at $21,817,000 after purchasing an additional 811 shares during the last quarter. Finally, London Co. of Virginia grew its position in shares of PriceSmart by 1.0% in the third quarter. London Co. of Virginia now owns 178,948 shares of the company’s stock valued at $13,319,000 after purchasing an additional 1,854 shares during the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

PriceSmart Stock Up 0.8 %

PSMT stock opened at $81.58 on Wednesday. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $86.90. The company has a market cap of $2.49 billion, a PE ratio of 20.50 and a beta of 0.92. The business’s 50-day simple moving average is $81.88 and its 200 day simple moving average is $75.89. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, April 10th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, research analysts anticipate that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

PriceSmart Announces Dividend

The company also recently announced a None dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, April 18th. PriceSmart’s dividend payout ratio (DPR) is presently 29.15%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PSMT. Jefferies Financial Group raised their price target on PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. StockNews.com downgraded PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th. Finally, TheStreet raised PriceSmart from a “c+” rating to a “b-” rating in a research report on Tuesday, January 30th.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, Director Edgar Zurcher sold 1,075 shares of PriceSmart stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $79.08, for a total transaction of $85,011.00. Following the sale, the director now directly owns 8,822 shares of the company’s stock, valued at $697,643.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other PriceSmart news, Director Edgar Zurcher sold 1,075 shares of PriceSmart stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $79.08, for a total transaction of $85,011.00. Following the sale, the director now directly owns 8,822 shares of the company’s stock, valued at $697,643.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gordon H. Hanson sold 937 shares of PriceSmart stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $79.86, for a total value of $74,828.82. Following the sale, the director now directly owns 7,969 shares in the company, valued at $636,404.34. The disclosure for this sale can be found here. Company insiders own 18.60% of the company’s stock.

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.