New York State Common Retirement Fund Reduces Stake in Coty Inc. (NYSE:COTY)

New York State Common Retirement Fund trimmed its stake in Coty Inc. (NYSE:COTY) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,021 shares of the company’s stock after selling 18,837 shares during the quarter. New York State Common Retirement Fund’s holdings in Coty were worth $3,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in shares of Coty by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 657,066 shares of the company’s stock valued at $8,161,000 after purchasing an additional 3,146 shares during the period. Xponance Inc. raised its position in shares of Coty by 4.9% in the fourth quarter. Xponance Inc. now owns 44,920 shares of the company’s stock valued at $558,000 after purchasing an additional 2,105 shares during the period. Federated Hermes Inc. increased its holdings in Coty by 4.2% during the 4th quarter. Federated Hermes Inc. now owns 46,244 shares of the company’s stock worth $574,000 after acquiring an additional 1,871 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Coty by 15.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,053 shares of the company’s stock worth $1,069,000 after acquiring an additional 11,700 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in Coty during the 4th quarter worth approximately $1,307,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Trading Up 0.3 %

Shares of COTY opened at $11.60 on Monday. The stock has a market capitalization of $10.38 billion, a P/E ratio of 33.14, a PEG ratio of 6.49 and a beta of 1.83. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $11.80 and a two-hundred day simple moving average of $11.60. Coty Inc. has a twelve month low of $9.02 and a twelve month high of $13.46.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on COTY shares. Barclays decreased their target price 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. DA Davidson reissued a “buy” rating and issued a $17.50 price target on shares of Coty in a report on Monday, April 22nd. TheStreet raised shares of Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th. Wells Fargo & Company increased their price target on shares of Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price target on shares of Coty in a report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.20.

Insider Buying and Selling at Coty

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

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.