Coppell Advisory Solutions LLC Makes New Investment in PriceSmart, Inc. $PSMT

Coppell Advisory Solutions LLC bought a new stake in PriceSmart, Inc. (NASDAQ:PSMT) during the 2nd quarter, Holdings Channel reports. The firm bought 13,773 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds have also made changes to their positions in PSMT. Bell Investment Advisors Inc acquired a new stake in shares of PriceSmart during the 2nd quarter worth approximately $40,000. UMB Bank n.a. lifted its holdings in PriceSmart by 76.0% in the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock valued at $28,000 after acquiring an additional 98 shares during the last quarter. CENTRAL TRUST Co acquired a new position in PriceSmart in the fourth quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its position in PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after acquiring an additional 252 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in PriceSmart in the second quarter worth approximately $67,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

PSMT has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $198.00 target price on shares of PriceSmart in a research report on Wednesday, August 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of PriceSmart in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $198.00.

PriceSmart Trading Up 1.0%

PSMT opened at $173.72 on Friday. PriceSmart, Inc. has a 52 week low of $107.72 and a 52 week high of $199.84. The business has a fifty day simple moving average of $184.32 and a 200-day simple moving average of $168.61. The firm has a market cap of $5.36 billion, a P/E ratio of 33.34 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.28 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, July 8th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.04). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. PriceSmart’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS.

Insider Transactions at PriceSmart

In other news, EVP Francisco Velasco sold 338 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $177.87, for a total transaction of $60,120.06. Following the sale, the executive vice president owned 75,321 shares of the company’s stock, valued at approximately $13,397,346.27. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Beatriz Infante sold 800 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $195.98, for a total value of $156,784.00. Following the sale, the director owned 11,210 shares in the company, valued at approximately $2,196,935.80. This trade represents a 6.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,737 shares of company stock valued at $1,506,176. 17.00% of the stock is currently owned by company 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.