Two Sigma Investments LP Invests $275,000 in PriceSmart, Inc. (PSMT)

Two Sigma Investments LP purchased a new position in PriceSmart, Inc. (NASDAQ:PSMT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,650 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC lifted its position in PriceSmart by 73.8% during the fourth quarter. Stone Ridge Asset Management LLC now owns 13,174 shares of the company’s stock valued at $779,000 after purchasing an additional 5,593 shares in the last quarter. Barclays PLC lifted its position in PriceSmart by 29.5% during the fourth quarter. Barclays PLC now owns 20,064 shares of the company’s stock valued at $1,187,000 after purchasing an additional 4,576 shares in the last quarter. Baillie Gifford & Co. lifted its position in PriceSmart by 0.9% during the fourth quarter. Baillie Gifford & Co. now owns 1,214,396 shares of the company’s stock valued at $71,771,000 after purchasing an additional 11,345 shares in the last quarter. Geode Capital Management LLC lifted its position in PriceSmart by 10.3% during the fourth quarter. Geode Capital Management LLC now owns 265,966 shares of the company’s stock valued at $15,718,000 after purchasing an additional 24,861 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in PriceSmart by 30.3% during the fourth quarter. Stifel Financial Corp now owns 31,337 shares of the company’s stock valued at $1,844,000 after purchasing an additional 7,296 shares in the last quarter. Hedge funds and other institutional investors own 75.02% of the company’s stock.

Several equities analysts recently weighed in on PSMT shares. BidaskClub downgraded PriceSmart from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 31st. ValuEngine cut PriceSmart from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, Zacks Investment Research cut PriceSmart from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Three analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average target price of $77.00.

In other PriceSmart news, EVP Rodrigo Calvo sold 2,117 shares of the firm’s stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $65.89, for a total transaction of $139,489.13. Following the sale, the executive vice president now directly owns 16,183 shares of the company’s stock, valued at $1,066,297.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Frank Ramon Diaz sold 600 shares of PriceSmart stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $64.86, for a total value of $38,916.00. Following the completion of the sale, the executive vice president now directly owns 11,155 shares in the company, valued at $723,513.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,309 shares of company stock worth $857,764. Insiders own 27.10% of the company’s stock.

NASDAQ:PSMT opened at $61.89 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.38 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 25.47 and a beta of 0.87. PriceSmart, Inc. has a 52 week low of $55.53 and a 52 week high of $94.45.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Tuesday, April 9th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.23. The business had revenue of $854.43 million for the quarter, compared to analysts’ expectations of $859.93 million. PriceSmart had a return on equity of 11.51% and a net margin of 2.38%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. As a group, analysts predict that PriceSmart, Inc. will post 2.02 earnings per share for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a yield of 1.15%. PriceSmart’s dividend payout ratio is presently 28.81%.

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PriceSmart Company 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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