Dimensional Fund Advisors LP Buys 35,390 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Dimensional Fund Advisors LP lifted its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,309,265 shares of the company’s stock after acquiring an additional 35,390 shares during the quarter. Dimensional Fund Advisors LP owned about 4.27% of PriceSmart worth $106,311,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in PriceSmart by 46.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 96,088 shares of the company’s stock valued at $7,802,000 after acquiring an additional 30,581 shares in the last quarter. Federated Hermes Inc. boosted its position in PriceSmart by 20.9% in the 2nd quarter. Federated Hermes Inc. now owns 31,182 shares of the company’s stock valued at $2,532,000 after buying an additional 5,401 shares during the last quarter. Meeder Asset Management Inc. bought a new position in PriceSmart in the 2nd quarter valued at $40,000. American Century Companies Inc. boosted its position in shares of PriceSmart by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock worth $88,175,000 after purchasing an additional 184,252 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of PriceSmart by 28.3% in the 2nd quarter. Headlands Technologies LLC now owns 2,260 shares of the company’s stock worth $184,000 after purchasing an additional 498 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, Director Sherry S. Bahrambeygui sold 9,500 shares of PriceSmart stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $84.37, for a total value of $801,515.00. Following the sale, the director now owns 61,216 shares of the company’s stock, valued at approximately $5,164,793.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other PriceSmart news, Director Sherry S. Bahrambeygui sold 9,500 shares of PriceSmart stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $84.37, for a total value of $801,515.00. Following the sale, the director now owns 61,216 shares of the company’s stock, valued at approximately $5,164,793.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David R. Price sold 2,000 shares of PriceSmart stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $87.85, for a total value of $175,700.00. Following the completion of the sale, the executive vice president now directly owns 51,768 shares in the company, valued at approximately $4,547,818.80. The disclosure for this sale can be found here. Insiders have sold 20,904 shares of company stock valued at $1,806,714 in the last 90 days. 18.60% of the stock is currently owned by company insiders.

PriceSmart Stock Performance

Shares of PriceSmart stock opened at $89.00 on Tuesday. The company has a market capitalization of $2.73 billion, a PE ratio of 21.60 and a beta of 0.85. PriceSmart, Inc. has a 12 month low of $61.82 and a 12 month high of $92.76. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $87.16 and its 200 day simple moving average is $83.83.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.07. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $1.02 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts predict that PriceSmart, Inc. will post 4.64 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded PriceSmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

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.