Black Creek Reduces PriceSmart Stake by 473,785 Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: NASDAQ.COM
- Share Reduction Transaction: Black Creek Investment Management disclosed on May 13, 2026, that it sold 473,785 shares of PriceSmart, with an estimated transaction value of $69.20 million based on the average price for Q1 2026, indicating a cautious stance towards the stock.
- Position Value Change: Following the sale, Black Creek's remaining PriceSmart stake is 1,164,834 shares valued at $175.31 million, with the overall position value decreasing by $25.70 million during the quarter, reflecting the impact of market volatility on the portfolio.
- Portfolio Adjustment: Despite the reduction, PriceSmart now accounts for 9.41% of Black Creek's assets under management, no longer ranking among the top five holdings, suggesting routine portfolio management rather than a reassessment of fundamentals.
- Market Competitive Landscape: PriceSmart operates membership warehouse clubs across Central America and the Caribbean, facing significantly less competitive pressure compared to Costco or Sam's Club in the U.S., highlighting its unique advantages and ongoing growth potential in international markets.
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Analyst Views on PSMT
Wall Street analysts forecast PSMT stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 164.570
Low
134.00
Averages
134.50
High
135.00
Current: 164.570
Low
134.00
Averages
134.50
High
135.00
About PSMT
PriceSmart, Inc. owns and operates United States-style membership shopping warehouse clubs in Latin America and the Caribbean, selling merchandise and services. The Company operates 55 warehouse clubs in 12 countries and one United States territory (10 in Colombia; nine in Costa Rica; seven in Panama; six in Guatemala; five in the Dominican Republic; four each in Trinidad and El Salvador; three in Honduras; two each in Nicaragua and Jamaica; and one each in Aruba, Barbados and the United States Virgin Islands). Its products include groceries, home, liquor, beer and wine, health and beauty, babies, pets, electronics, hardware and home improvement, the outdoors, small appliances, jewelry and watches and furniture. Its groceries include dairy and eggs, oils, baking and condiments, and beverages. Its home includes cleaning supplies, household paper products, laundry supplies, and home decor. Its health and beauty include skin care, oral care, hair care, and personal grooming.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Weakness: On Thursday, department store shares collectively fell by approximately 1.9%, indicating a weak performance in the sector that could undermine investor confidence moving forward.
- Walmart's Decline: Walmart's stock dropped by about 7.8%, becoming the primary drag on the department store sector, suggesting that its performance may have fallen short of market expectations, which could adversely affect overall sales.
- PriceSmart's Slide: PriceSmart's shares decreased by around 4%, further intensifying the downward pressure on the department store sector, highlighting the potential impact of weak consumer spending on retailers.
- Uncertain Industry Outlook: With the widespread decline in department store stocks, investors should monitor upcoming economic data and consumer confidence indices to assess the recovery potential of the sector.
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Black Creek Sells Shares of PriceSmart in $69.2 Million Transaction
- Share Sale Disclosure: Black Creek Investment Management Inc. disclosed the sale of 473,785 shares of PriceSmart on May 13, 2026, with an estimated transaction value of $69.20 million based on average closing prices for Q1 2026, indicating ongoing interest in the company.
- Updated Holdings: Post-sale, Black Creek retains 1,164,834 shares of PriceSmart valued at approximately $175.31 million, with an overall position value change of $25.70 million during the quarter, reflecting a responsive approach to market dynamics.
- Asset Management Proportion: As of March 31, 2026, PriceSmart accounted for 9.41% of Black Creek's reportable AUM, indicating a relative decrease in its significance within the investment portfolio while still being a major holding.
- Market Performance Analysis: As of May 18, 2026, PriceSmart shares were priced at $162.90, marking a 55.8% increase over the past year, outperforming the S&P 500 by 31.3 percentage points, demonstrating the company's robust competitiveness and growth potential in international markets.
See More
Black Creek Reduces PriceSmart Stake by 473,785 Shares
- Share Reduction Transaction: Black Creek Investment Management disclosed on May 13, 2026, that it sold 473,785 shares of PriceSmart, with an estimated transaction value of $69.20 million based on the average price for Q1 2026, indicating a cautious stance towards the stock.
- Position Value Change: Following the sale, Black Creek's remaining PriceSmart stake is 1,164,834 shares valued at $175.31 million, with the overall position value decreasing by $25.70 million during the quarter, reflecting the impact of market volatility on the portfolio.
- Portfolio Adjustment: Despite the reduction, PriceSmart now accounts for 9.41% of Black Creek's assets under management, no longer ranking among the top five holdings, suggesting routine portfolio management rather than a reassessment of fundamentals.
- Market Competitive Landscape: PriceSmart operates membership warehouse clubs across Central America and the Caribbean, facing significantly less competitive pressure compared to Costco or Sam's Club in the U.S., highlighting its unique advantages and ongoing growth potential in international markets.
See More
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- Increased Customer Loyalty: The membership renewal rate hit an all-time high of 90.2%, demonstrating a notable rise in customer satisfaction and loyalty, which could drive future sales growth and market share expansion.
- Strong Digital Channel Performance: Digital sales grew by 23.4% year-over-year, showcasing the success of the company's investments in omnichannel capabilities, which will help attract younger consumers and boost overall sales.
- Improved Gross Margin: Gross margin increased by 50 basis points to 16.1%, primarily due to shifts in product mix and cost savings from Asia consolidation efforts, enhancing the company's profitability and supporting future investments.
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PriceSmart Q2 Earnings Exceed Expectations
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- Adjusted EBITDA Increase: Adjusted EBITDA for Q2 was $99.7 million, up 14.9% from $87.0 million in the same period last year, indicating improvements in cost control and operational efficiency, which further bolstered profitability.
- Optimistic Market Outlook: With rising revenue and profitability, PriceSmart is positioned with a stronger strategic advantage in future market competition, likely to attract continued investor interest and drive stock price appreciation.
See More
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- Financial Performance: The revenue figure indicates a significant financial performance for the company during this period.
See More
Department Store Shares Decline 1.9% Amid Market Lag
- Market Weakness: On Thursday, department store shares collectively fell by approximately 1.9%, indicating a weak performance in the sector that could undermine investor confidence moving forward.
- Walmart's Decline: Walmart's stock dropped by about 7.8%, becoming the primary drag on the department store sector, suggesting that its performance may have fallen short of market expectations, which could adversely affect overall sales.
- PriceSmart's Slide: PriceSmart's shares decreased by around 4%, further intensifying the downward pressure on the department store sector, highlighting the potential impact of weak consumer spending on retailers.
- Uncertain Industry Outlook: With the widespread decline in department store stocks, investors should monitor upcoming economic data and consumer confidence indices to assess the recovery potential of the sector.
See More
Black Creek Sells Shares of PriceSmart in $69.2 Million Transaction
- Share Sale Disclosure: Black Creek Investment Management Inc. disclosed the sale of 473,785 shares of PriceSmart on May 13, 2026, with an estimated transaction value of $69.20 million based on average closing prices for Q1 2026, indicating ongoing interest in the company.
- Updated Holdings: Post-sale, Black Creek retains 1,164,834 shares of PriceSmart valued at approximately $175.31 million, with an overall position value change of $25.70 million during the quarter, reflecting a responsive approach to market dynamics.
- Asset Management Proportion: As of March 31, 2026, PriceSmart accounted for 9.41% of Black Creek's reportable AUM, indicating a relative decrease in its significance within the investment portfolio while still being a major holding.
- Market Performance Analysis: As of May 18, 2026, PriceSmart shares were priced at $162.90, marking a 55.8% increase over the past year, outperforming the S&P 500 by 31.3 percentage points, demonstrating the company's robust competitiveness and growth potential in international markets.
See More
Black Creek Reduces PriceSmart Stake by 473,785 Shares
- Share Reduction Transaction: Black Creek Investment Management disclosed on May 13, 2026, that it sold 473,785 shares of PriceSmart, with an estimated transaction value of $69.20 million based on the average price for Q1 2026, indicating a cautious stance towards the stock.
- Position Value Change: Following the sale, Black Creek's remaining PriceSmart stake is 1,164,834 shares valued at $175.31 million, with the overall position value decreasing by $25.70 million during the quarter, reflecting the impact of market volatility on the portfolio.
- Portfolio Adjustment: Despite the reduction, PriceSmart now accounts for 9.41% of Black Creek's assets under management, no longer ranking among the top five holdings, suggesting routine portfolio management rather than a reassessment of fundamentals.
- Market Competitive Landscape: PriceSmart operates membership warehouse clubs across Central America and the Caribbean, facing significantly less competitive pressure compared to Costco or Sam's Club in the U.S., highlighting its unique advantages and ongoing growth potential in international markets.
See More
PriceSmart Reports Strong Q2 Growth with Nearly $1.5 Billion Revenue
- Significant Revenue Growth: PriceSmart's total revenue for Q2 reached nearly $1.5 billion, reflecting a 9.9% year-over-year increase, indicating the company's strengthening competitive position and potential for future business expansion.
- Increased Customer Loyalty: The membership renewal rate hit an all-time high of 90.2%, demonstrating a notable rise in customer satisfaction and loyalty, which could drive future sales growth and market share expansion.
- Strong Digital Channel Performance: Digital sales grew by 23.4% year-over-year, showcasing the success of the company's investments in omnichannel capabilities, which will help attract younger consumers and boost overall sales.
- Improved Gross Margin: Gross margin increased by 50 basis points to 16.1%, primarily due to shifts in product mix and cost savings from Asia consolidation efforts, enhancing the company's profitability and supporting future investments.
See More
PriceSmart Q2 Earnings Exceed Expectations
- Strong Earnings Performance: PriceSmart reported a Q2 GAAP EPS of $1.62, beating expectations by $0.06, indicating a sustained enhancement in profitability and reflecting the company's solid financial health in a competitive market.
- Significant Revenue Growth: The company achieved $1.50 billion in revenue for the second quarter, marking a 10.3% year-over-year increase and surpassing market expectations by $20 million, demonstrating positive progress in expanding market share and customer base.
- Adjusted EBITDA Increase: Adjusted EBITDA for Q2 was $99.7 million, up 14.9% from $87.0 million in the same period last year, indicating improvements in cost control and operational efficiency, which further bolstered profitability.
- Optimistic Market Outlook: With rising revenue and profitability, PriceSmart is positioned with a stronger strategic advantage in future market competition, likely to attract continued investor interest and drive stock price appreciation.
See More
PriceSmart Reports Q2 Revenue of $1.495 Billion
- Company Overview: Pricesmart reported a revenue of USD 1,495 million for the second quarter.
- Financial Performance: The revenue figure indicates a significant financial performance for the company during this period.
See More
