Principal Financial Group Inc. Has $29.51 Million Stock Holdings in Coty Inc. (NYSE:COTY)

Principal Financial Group Inc. grew its position in shares of Coty Inc. (NYSE:COTYFree Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,376,236 shares of the company’s stock after buying an additional 75,626 shares during the period. Principal Financial Group Inc. owned approximately 0.27% of Coty worth $29,513,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in COTY. Raymond James Financial Services Advisors Inc. increased its position in Coty by 388.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 102,175 shares of the company’s stock worth $1,121,000 after buying an additional 81,253 shares during the period. Teacher Retirement System of Texas increased its position in shares of Coty by 37.9% in the third quarter. Teacher Retirement System of Texas now owns 126,240 shares of the company’s stock worth $1,385,000 after purchasing an additional 34,688 shares during the period. California Public Employees Retirement System increased its position in shares of Coty by 46.1% in the third quarter. California Public Employees Retirement System now owns 653,920 shares of the company’s stock worth $7,174,000 after purchasing an additional 206,193 shares during the period. Private Advisor Group LLC increased its position in shares of Coty by 22.3% in the third quarter. Private Advisor Group LLC now owns 81,736 shares of the company’s stock worth $897,000 after purchasing an additional 14,924 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Coty by 2.6% in the third quarter. Larson Financial Group LLC now owns 183,239 shares of the company’s stock worth $2,010,000 after purchasing an additional 4,630 shares during the period. Institutional investors own 42.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on COTY. TD Cowen decreased their price target on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company raised their price target on Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Canaccord Genuity Group began coverage on Coty in a research report on Monday, April 15th. They issued a “buy” rating and a $14.00 price target on the stock. Citigroup decreased their price target on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Finally, TheStreet raised Coty from a “c+” rating to a “b-” rating in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Coty has an average rating of “Hold” and a consensus target price of $13.21.

Read Our Latest Stock Analysis on COTY

Coty Stock Performance

Shares of COTY stock opened at $10.66 on Friday. The business’s 50-day moving average price is $11.45 and its 200-day moving average price is $11.68. Coty Inc. has a 12 month low of $9.02 and a 12 month high of $13.46. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 4.78 and a beta of 1.83. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTYGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Coty had a net margin of 3.59% and a return on equity of 8.75%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Coty Inc. will post 0.44 EPS for the current year.

Insider Activity

In related news, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at $1,524,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at $1,524,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.56, for a total value of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares in the company, valued at $2,134,973.92. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.

About Coty

(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.

Featured Stories

Institutional Ownership by Quarter for Coty (NYSE:COTY)

Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.