Foster & Motley Inc. Acquires 6,361 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Foster & Motley Inc. increased its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 96.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,984 shares of the company’s stock after acquiring an additional 6,361 shares during the quarter. Foster & Motley Inc.’s holdings in PriceSmart were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PSMT. Vanguard Group Inc. grew its position in PriceSmart by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company’s stock valued at $287,671,000 after purchasing an additional 105,405 shares during the last quarter. EdgePoint Investment Group Inc. grew its position in PriceSmart by 1.2% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,744,726 shares of the company’s stock valued at $222,872,000 after purchasing an additional 31,263 shares during the last quarter. Dimensional Fund Advisors LP grew its position in PriceSmart by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,309,265 shares of the company’s stock valued at $106,311,000 after purchasing an additional 35,390 shares during the last quarter. American Century Companies Inc. grew its position in PriceSmart by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock valued at $88,175,000 after purchasing an additional 184,252 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in PriceSmart by 18.7% during the 3rd quarter. Copeland Capital Management LLC now owns 481,182 shares of the company’s stock valued at $44,163,000 after purchasing an additional 75,896 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors.

PriceSmart Stock Performance

Shares of NASDAQ PSMT opened at $91.99 on Thursday. The firm’s 50-day moving average price is $89.78 and its 200-day moving average price is $85.80. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.82 billion, a PE ratio of 20.13 and a beta of 0.85. PriceSmart, Inc. has a 52-week low of $64.94 and a 52-week high of $94.82.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. As a group, analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Insider Activity

In other news, EVP Francisco Velasco sold 827 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $91.03, for a total transaction of $75,281.81. Following the sale, the executive vice president now owns 84,385 shares of the company’s stock, valued at $7,681,566.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 18.60% of the company’s stock.

PriceSmart 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.