Coty Inc. (NYSE:COTY) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in Coty Inc. (NYSE:COTY) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 364,977 shares of the company’s stock after selling 4,039 shares during the period. California State Teachers Retirement System’s holdings in Coty were worth $2,540,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Retirement Systems of Alabama increased its position in Coty by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock valued at $3,092,000 after acquiring an additional 1,472 shares during the period. Stephens Inc. AR raised its stake in shares of Coty by 12.0% during the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock valued at $108,000 after purchasing an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Coty by 16.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock worth $94,000 after purchasing an additional 1,893 shares during the period. Jones Financial Companies Lllp grew its position in Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock valued at $69,000 after buying an additional 2,110 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after buying an additional 2,601 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on COTY. Royal Bank of Canada cut their target price on Coty from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. BNP Paribas cut shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 target price for the company. in a report on Friday, April 11th. Berenberg Bank initiated coverage on shares of Coty in a report on Tuesday, March 25th. They set a “buy” rating and a $7.50 price target on the stock. Piper Sandler decreased their price target on shares of Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, Raymond James downgraded shares of Coty from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Coty currently has a consensus rating of “Hold” and an average price target of $7.80.

Coty Trading Up 2.8%

COTY stock opened at $5.03 on Friday. Coty Inc. has a 1-year low of $4.46 and a 1-year high of $10.54. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $4.97 and its 200-day moving average is $6.04. The firm has a market cap of $4.38 billion, a P/E ratio of -502.50, a P/E/G ratio of 0.81 and a beta of 1.96.

Coty (NYSE:COTY) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. Equities analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Coty Company 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.