Coty Inc. (NYSE:COTY) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in shares of Coty Inc. (NYSE:COTY) by 53.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 687,744 shares of the company’s stock after purchasing an additional 240,524 shares during the quarter. Retirement Systems of Alabama’s holdings in Coty were worth $8,542,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BluePath Capital Management LLC acquired a new position in Coty during the third quarter worth approximately $29,000. DekaBank Deutsche Girozentrale purchased a new stake in Coty during the third quarter worth approximately $31,000. Fulton Bank N.A. purchased a new stake in Coty during the fourth quarter worth approximately $131,000. Pathstone Family Office LLC purchased a new stake in Coty during the third quarter worth approximately $118,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Coty during the third quarter worth approximately $136,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Trading Up 0.3 %

NYSE COTY opened at $11.61 on Friday. Coty Inc. has a 12 month low of $9.02 and a 12 month high of $13.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 6.31 and a beta of 1.83. The company’s fifty day moving average price is $11.80 and its two-hundred day moving average price is $11.57.

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

Insiders Place Their Bets

In other Coty news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coty news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the stock in a transaction 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 sale, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Barclays decreased their price objective on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. TD Cowen decreased their price objective on shares of Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. DA Davidson restated a “buy” rating and issued a $17.50 target price on shares of Coty in a research note on Monday, April 22nd. Finally, Canaccord Genuity Group started coverage on shares of Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 target price for the company. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Coty has a consensus rating of “Hold” and a consensus price target of $13.20.

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.