Teacher Retirement System of Texas bought a new stake in PriceSmart, Inc. (NASDAQ:PSMT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,326 shares of the company’s stock, valued at approximately $631,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. US Bancorp DE raised its position in shares of PriceSmart by 8.3% in the 4th quarter. US Bancorp DE now owns 22,003 shares of the company’s stock valued at $1,895,000 after purchasing an additional 1,689 shares in the last quarter. Aperio Group LLC raised its position in shares of PriceSmart by 30.6% in the 4th quarter. Aperio Group LLC now owns 4,383 shares of the company’s stock valued at $377,000 after purchasing an additional 1,027 shares in the last quarter. Genesis Asset Managers LLP raised its position in shares of PriceSmart by 25.2% in the 4th quarter. Genesis Asset Managers LLP now owns 1,135,665 shares of the company’s stock valued at $97,781,000 after purchasing an additional 228,715 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of PriceSmart in the 4th quarter valued at approximately $186,000. Finally, GW&K Investment Management LLC raised its position in shares of PriceSmart by 5.5% in the 4th quarter. GW&K Investment Management LLC now owns 330,709 shares of the company’s stock valued at $28,474,000 after purchasing an additional 17,250 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.
Shares of PriceSmart, Inc. (NASDAQ:PSMT) opened at $80.90 on Monday. PriceSmart, Inc. has a twelve month low of $77.50 and a twelve month high of $94.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 0.44. The firm has a market capitalization of $2,460.00, a P/E ratio of 27.90 and a beta of 1.30.
The company also recently declared a semiannual dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a dividend yield of 0.8%. PriceSmart’s dividend payout ratio (DPR) is 24.14%.
PSMT has been the topic of a number of recent analyst reports. Zacks Investment Research raised PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Saturday, January 13th. Scotiabank lowered PriceSmart to a “hold” rating and set a $90.00 target price on the stock. in a research report on Friday, January 5th. BidaskClub raised PriceSmart from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Ifs Securities raised PriceSmart from a “market perform” rating to an “outperform” rating in a research report on Friday, December 29th. Finally, Scotia Howard Weill reaffirmed a “sector perform” rating on shares of PriceSmart in a research report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $92.50.
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PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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