PriceSmart, Inc. (NASDAQ:PSMT) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,300 shares of the company's stock after acquiring an additional 6,685 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of PriceSmart worth $2,701,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of PriceSmart by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,876 shares of the company's stock valued at $41,834,000 after buying an additional 15,359 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in PriceSmart by 393.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 715 shares of the company's stock valued at $65,000 after purchasing an additional 570 shares during the last quarter. US Bancorp DE increased its holdings in shares of PriceSmart by 4.6% in the fourth quarter. US Bancorp DE now owns 3,614 shares of the company's stock valued at $333,000 after purchasing an additional 160 shares during the period. Fisher Asset Management LLC increased its holdings in shares of PriceSmart by 13.5% in the fourth quarter. Fisher Asset Management LLC now owns 28,129 shares of the company's stock valued at $2,593,000 after purchasing an additional 3,342 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of PriceSmart by 17,300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 870 shares of the company's stock worth $80,000 after purchasing an additional 865 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company's stock.

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Insiders Place Their Bets

In related news, Director Jeffrey Fisher sold 1,700 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $95.00, for a total transaction of $161,500.00. Following the completion of the transaction, the director now owns 16,911 shares in the company, valued at $1,606,545. This represents a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gordon H. Hanson sold 1,107 shares of PriceSmart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $87.22, for a total value of $96,552.54. Following the completion of the sale, the director now owns 6,862 shares in the company, valued at approximately $598,503.64. The trade was a 13.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,162 shares of company stock worth $1,930,402. 17.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of PriceSmart from a "hold" rating to a "buy" rating in a report on Monday, March 10th.

PriceSmart Stock Performance

Shares of NASDAQ:PSMT traded down $1.00 during trading on Thursday, hitting $84.26. 100,169 shares of the stock traded hands, compared to its average volume of 162,776. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $89.34 and a two-hundred day moving average price of $90.26. PriceSmart, Inc. has a 52-week low of $77.51 and a 52-week high of $99.23. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 18.66 and a beta of 0.84.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.22). The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS. As a group, equities analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. PriceSmart's payout ratio is 27.75%.

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.