Coty Inc. (NYSE:COTY) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in shares of Coty Inc. (NYSE:COTY) by 0.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 657,066 shares of the company’s stock after buying an additional 3,146 shares during the quarter. California Public Employees Retirement System’s holdings in Coty were worth $8,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Coty by 12.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock worth $430,920,000 after purchasing an additional 4,245,039 shares during the period. SG Americas Securities LLC boosted its stake in Coty by 33.9% during the fourth quarter. SG Americas Securities LLC now owns 57,652 shares of the company’s stock worth $716,000 after buying an additional 14,584 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of Coty by 29.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,707,372 shares of the company’s stock valued at $18,729,000 after acquiring an additional 385,290 shares during the last quarter. Integrated Advisors Network LLC raised its stake in shares of Coty by 76.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 323,296 shares of the company’s stock valued at $3,547,000 after acquiring an additional 140,555 shares during the period. Finally, Ruffer LLP lifted its holdings in shares of Coty by 11.5% in the 3rd quarter. Ruffer LLP now owns 5,950,409 shares of the company’s stock worth $66,276,000 after acquiring an additional 611,853 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on COTY. TheStreet raised Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th. Canaccord Genuity Group assumed coverage on Coty in a research note on Monday, April 15th. They set a “buy” rating and a $14.00 target price on the stock. Citigroup lowered their target price on Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Canaccord Genuity Group started coverage on shares of Coty in a research note on Monday, April 15th. They set a “buy” rating and a $14.00 price target on the stock. Finally, DA Davidson reissued a “buy” rating and issued a $17.50 price objective on shares of Coty in a research note on Monday, April 22nd. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.20.

Insider Activity

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 transaction of $381,000.00. Following the completion of the sale, the director now owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Coty news, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were 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 owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the sale, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

Coty Trading Up 0.3 %

Shares of NYSE:COTY opened at $11.61 on Friday. Coty Inc. has a 52 week low of $9.02 and a 52 week high of $13.46. The company’s 50 day moving average is $11.80 and its two-hundred day moving average is $11.57. The company has a market cap of $10.39 billion, a PE ratio of 33.16, a P/E/G ratio of 6.31 and a beta of 1.83. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Coty had a net margin of 5.39% and a return on equity of 11.91%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. Equities analysts predict that Coty Inc. will post 0.45 earnings per share for the current fiscal year.

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.