Louisiana State Employees Retirement System Purchases Shares of 105,200 Coty Inc. (NYSE:COTY)

Louisiana State Employees Retirement System acquired a new position in shares of Coty Inc. (NYSE:COTY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 105,200 shares of the company’s stock, valued at approximately $1,307,000.

Other institutional investors also recently modified their holdings of the company. Comerica Bank bought a new position in Coty in the 2nd quarter valued at $150,000. BluePath Capital Management LLC bought a new position in shares of Coty in the third quarter valued at about $29,000. DekaBank Deutsche Girozentrale acquired a new position in Coty during the 3rd quarter worth about $31,000. Atlas Capital Advisors LLC bought a new stake in Coty during the 2nd quarter worth about $37,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Coty in the 2nd quarter valued at about $47,000. Institutional investors own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on COTY shares. TheStreet upgraded shares of Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th. TD Cowen decreased their price objective on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Barclays dropped their target price on Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company upped their price target on Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Finally, DA Davidson reiterated a “buy” rating and issued a $17.50 price objective on shares of Coty in a research report on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.19.

Insider Activity at Coty

In other Coty news, Director Robert S. Singer sold 90,000 shares of Coty 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 transaction, the director now directly owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Robert S. Singer sold 30,000 shares of the business’s 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 completion of the transaction, the director now directly owns 120,000 shares in the company, valued at approximately $1,524,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the 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 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 owned by corporate insiders.

Coty Stock Performance

Shares of COTY stock opened at $11.15 on Monday. The stock has a market cap of $9.98 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 6.16 and a beta of 1.82. The stock has a 50-day moving average of $11.93 and a 200-day moving average of $11.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. Coty Inc. has a one year low of $9.02 and a one year high of $13.46.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm 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 business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. As a group, sell-side analysts expect that Coty Inc. will post 0.45 earnings per share for the current year.

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.