State of New Jersey Common Pension Fund D Boosts Stock Holdings in Coty Inc. (NYSE:COTY)

State of New Jersey Common Pension Fund D grew its position in shares of Coty Inc. (NYSE:COTYFree Report) by 12.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 205,339 shares of the company’s stock after buying an additional 23,358 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Coty were worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its holdings in Coty by 0.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 398,197 shares of the company’s stock worth $4,802,000 after acquiring an additional 2,977 shares in the last quarter. MQS Management LLC boosted its stake in Coty by 194.7% during the 1st quarter. MQS Management LLC now owns 35,086 shares of the company’s stock worth $420,000 after purchasing an additional 23,181 shares during the last quarter. EntryPoint Capital LLC boosted its stake in Coty by 260.4% during the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after purchasing an additional 8,419 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in Coty during the 1st quarter worth $423,000. Finally, Tidal Investments LLC boosted its stake in Coty by 327.9% during the 1st quarter. Tidal Investments LLC now owns 135,474 shares of the company’s stock worth $1,620,000 after purchasing an additional 103,811 shares during the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Trading Down 5.1 %

NYSE COTY opened at $7.20 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The stock has a market capitalization of $6.26 billion, a P/E ratio of 42.35, a PEG ratio of 0.70 and a beta of 1.91. The firm’s 50-day moving average is $8.39 and its two-hundred day moving average is $9.44. Coty Inc. has a 12 month low of $7.02 and a 12 month high of $13.30.

Coty (NYSE:COTYGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. On average, sell-side analysts anticipate that Coty Inc. will post 0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $15.00 target price on shares of Coty in a research note on Wednesday, August 21st. DA Davidson lowered their price target on shares of Coty from $14.50 to $12.50 and set a “buy” rating on the stock in a research report on Monday, November 11th. Citigroup lowered their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Barclays cut shares of Coty from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price target on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.56.

Get Our Latest Analysis on Coty

Coty Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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