Texas Permanent School Fund Corp grew its holdings in shares of Coty Inc. (NYSE:COTY – Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 329,046 shares of the company’s stock after acquiring an additional 5,531 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Coty were worth $3,935,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of COTY. Fulton Bank N.A. acquired a new position in shares of Coty in the fourth quarter valued at approximately $131,000. Norden Group LLC acquired a new position in shares of Coty in the first quarter valued at approximately $146,000. Neuberger Berman Group LLC acquired a new position in shares of Coty in the fourth quarter valued at approximately $308,000. Symmetry Partners LLC increased its stake in shares of Coty by 69.8% in the fourth quarter. Symmetry Partners LLC now owns 25,345 shares of the company’s stock valued at $317,000 after buying an additional 10,420 shares during the period. Finally, United Services Automobile Association increased its stake in shares of Coty by 14.0% in the fourth quarter. United Services Automobile Association now owns 30,428 shares of the company’s stock valued at $378,000 after buying an additional 3,740 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.
Coty Price Performance
Shares of COTY opened at $10.44 on Friday. Coty Inc. has a 12-month low of $9.02 and a 12-month high of $13.30. The business’s fifty day moving average is $10.27 and its 200 day moving average is $11.36. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.93. The stock has a market cap of $9.06 billion, a P/E ratio of 45.39, a P/E/G ratio of 3.48 and a beta of 1.91.
Coty (NYSE:COTY – Get Free Report) last issued its earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Coty had a return on equity of 8.75% and a net margin of 3.59%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the business earned $0.19 earnings per share. Coty’s revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts anticipate that Coty Inc. will post 0.44 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently issued reports on COTY shares. Citigroup lowered their price objective on Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday. Bank of America reduced their target price on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler reduced their target price on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday. TD Cowen reduced their target price on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, Wells Fargo & Company reduced their target price on Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coty currently has an average rating of “Moderate Buy” and a consensus target price of $13.01.
Check Out Our Latest Analysis on COTY
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.
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