California Public Employees Retirement System Sells 17,064 Shares of Coty Inc. (NYSE:COTY)

California Public Employees Retirement System trimmed its stake in Coty Inc. (NYSE:COTY) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 596,553 shares of the company’s stock after selling 17,064 shares during the quarter. California Public Employees Retirement System owned about 0.07% of Coty worth $4,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its position in Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after buying an additional 251,964 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after acquiring an additional 1,646,839 shares during the period. Norges Bank bought a new stake in shares of Coty during the fourth quarter valued at approximately $44,401,000. Vaughan Nelson Investment Management L.P. raised its position in shares of Coty by 5.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after purchasing an additional 287,061 shares during the period. Finally, Amundi lifted its holdings in shares of Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after purchasing an additional 4,478,906 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Stock Performance

NYSE COTY opened at $4.68 on Wednesday. The company has a market capitalization of $4.08 billion, a PE ratio of -468.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. Coty Inc. has a 52-week low of $4.61 and a 52-week high of $11.81. The company has a 50-day simple moving average of $5.79 and a 200 day simple moving average of $6.99.

Coty (NYSE:COTY) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, research analysts predict that Coty Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

COTY has been the subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Evercore ISI lowered their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Piper Sandler cut their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. DA Davidson reissued a “buy” rating and issued a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.55.

About Coty

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.