PriceSmart, Inc. (NASDAQ:PSMT).
Genesis Asset Managers, Llp says it bought 435,964 shares last quarter increasing its holdings in PriceSmart, Inc. by 267.8%. Its stake was valued at $52,454,000 an increase of $37,442,000 according to the filing.
These firms have also modified their investment in PSMT. As of the end of the quarter Gw&k Investment Management, LLC had acquired 88,902 shares growing its holdings by 39.7%. The value of the company’s investment in PriceSmart, Inc. increased from $20,632,000 to $27,390,000 a change of 32.8% quarter over quarter. As of quarter end Laurel Grove Capital, LLC had sold a total of 1,000 shares trimming its stake by 9.3%. The value of the investment in (PSMT) went from $994,000 to $857,000 a change of $137,000 since the last quarter.
Bank Of Montreal /can/ trimmed its investment by shedding 23 shares a decrease of 4.0% from 03/31/2017 to 06/30/2017. Bank Of Montreal /can/ now controls 552 shares with a value of $48,000. The value of the position overall is down by 9.4%.
Roth Capital both upgraded the stock and raised the price target on April 14 changing the price objective from $105.00 to $108.00 and altering the rating from “Neutral” to “Buy”. On April 14 the company was upgraded to “Buy” from “Neutral” with a current price target of $108.00 in an announcement from Roth Capital.
The company is so far trading up by 0.49 percent from yesterday’s close. PriceSmart, Inc. declared a dividend for shareholders that will be paid on Thu Aug 31, 2017. The dividend will be $0.175 per share for the quarter or $0.70 on an annualized basis. This dividend amount will represent a yeild of $0.85. The ex-dividend date will be on Monday February 13th, 2017.
Company chares are trading at $82.05 marginally under the 50 day moving average which is $87.89 and a bit lower than the 200 day moving average of $87.71. The 50 day moving average went down by -6.59% whereas the 200 day average was down by -6.39%.
PriceSmart, Inc. currently has a P/E ratio of 26.84 and market capitalization is 2.47B. As of the last earnings report the EPS was $3.06 and is expected to be $3.17 for the current year with 30,042,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.89 and the next full year EPS is projected to be $3.43.