California Public Employees Retirement System Purchases 3,146 Shares of Coty Inc. (NYSE:COTY)

California Public Employees Retirement System grew its position in Coty Inc. (NYSE:COTY) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657,066 shares of the company’s stock after purchasing an additional 3,146 shares during the quarter. California Public Employees Retirement System owned approximately 0.07% of Coty worth $8,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Coty by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock worth $430,920,000 after buying an additional 4,245,039 shares during the period. SG Americas Securities LLC boosted its stake in shares of Coty by 33.9% in the fourth quarter. SG Americas Securities LLC now owns 57,652 shares of the company’s stock worth $716,000 after acquiring an additional 14,584 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of Coty by 29.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,707,372 shares of the company’s stock worth $18,729,000 after purchasing an additional 385,290 shares in the last quarter. Integrated Advisors Network LLC raised its stake in Coty by 76.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 323,296 shares of the company’s stock valued at $3,547,000 after purchasing an additional 140,555 shares during the period. Finally, Ruffer LLP lifted its holdings in Coty by 11.5% in the 3rd quarter. Ruffer LLP now owns 5,950,409 shares of the company’s stock worth $66,276,000 after purchasing an additional 611,853 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Stock Up 0.3 %

Shares of NYSE:COTY opened at $11.61 on Friday. The firm has a market capitalization of $10.39 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 6.31 and a beta of 1.83. The business has a 50 day simple moving average of $11.80 and a two-hundred day simple moving average of $11.57. Coty Inc. has a 1 year low of $9.02 and a 1 year high of $13.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Coty had a return on equity of 11.91% and a net margin of 5.39%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the business earned $0.22 EPS. Coty’s revenue was up 13.4% compared to the same quarter last year. On average, equities analysts predict that Coty Inc. will post 0.45 EPS for the current year.

Insider Buying and Selling

In other Coty news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the sale, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COTY shares. TheStreet raised shares of Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th. Barclays reduced their price target on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. Royal Bank of Canada reissued an “outperform” rating and set a $14.00 price objective on shares of Coty in a report on Friday, February 9th. Canaccord Genuity Group assumed coverage on Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Citigroup decreased their target price on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coty has a consensus rating of “Hold” and a consensus target price of $13.20.

Coty Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.