Coppell Advisory Solutions LLC Buys New Holdings in PriceSmart, Inc. $PSMT

Key Points

• Coppell Advisory Solutions LLC acquired 13,773 PriceSmart shares during the second quarter, valued at approximately $27,000. Institutional investors collectively own 80.46% of the company.
• PriceSmart reported quarterly revenue of $1.48 billion, up 12.5% year over year and above estimates, though earnings per share of $1.28 fell short of the $1.32 consensus.
• Analysts maintain a “Buy” consensus with a $198 price target, while PriceSmart shares recently traded at $173.72; insiders have sold 7,737 shares worth roughly $1.51 million over the past 90 days.

Coppell Advisory Solutions LLC acquired a new position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,773 shares of the company's stock, valued at approximately $27,000.

Several other institutional investors have also recently made changes to their positions in PSMT. Maryland State Retirement & Pension System lifted its holdings in shares of PriceSmart by 2.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,699 shares of the company's stock valued at $454,000 after buying an additional 73 shares during the period. Parallel Advisors LLC raised its stake in shares of PriceSmart by 14.3% during the 4th quarter. Parallel Advisors LLC now owns 590 shares of the company's stock worth $72,000 after buying an additional 74 shares during the period. Smartleaf Asset Management LLC lifted its holdings in PriceSmart by 10.9% during the second quarter. Smartleaf Asset Management LLC now owns 946 shares of the company's stock valued at $101,000 after purchasing an additional 93 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of PriceSmart by 15.1% during the 4th quarter. Hantz Financial Services Inc. now owns 745 shares of the company's stock worth $91,000 after purchasing an additional 98 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in PriceSmart by 76.0% in the 4th quarter. UMB Bank n.a. now owns 227 shares of the company's stock valued at $28,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

PriceSmart Stock Performance

NASDAQ:PSMT opened at $173.72 on Friday. The company has a market cap of $5.36 billion, a P/E ratio of 33.34 and a beta of 0.76. PriceSmart, Inc. has a twelve month low of $107.72 and a twelve month high of $199.84. The company's 50-day moving average price is $184.32 and its 200-day moving average price is $168.61. The company has a current ratio of 1.28, a quick ratio of 0.53 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly earnings data on Wednesday, July 8th. The company reported $1.28 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.04). PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The firm's revenue was up 12.5% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PSMT. Jefferies Financial Group reiterated a "buy" rating and issued a $198.00 price objective on shares of PriceSmart in a report on Wednesday, August 12th. Weiss Ratings restated a "buy (b)" rating on shares of PriceSmart in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, PriceSmart presently has a consensus rating of "Buy" and a consensus target price of $198.00.

Insider Activity at PriceSmart

In other PriceSmart news, Director Sherry S. Bahrambeygui sold 3,499 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $197.38, for a total transaction of $690,632.62. Following the transaction, the director owned 32,150 shares of the company's stock, valued at approximately $6,345,767. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Francisco Velasco sold 338 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $177.87, for a total value of $60,120.06. Following the completion of the sale, the executive vice president owned 75,321 shares of the company's stock, valued at approximately $13,397,346.27. The trade was a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,737 shares of company stock valued at $1,506,176. 17.00% of the stock is currently owned by insiders.

PriceSmart Company Profile

PriceSmart, Inc NASDAQ: PSMT is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart's value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company's product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.

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