New York State Common Retirement Fund Sells 18,837 Shares of Coty Inc. (NYSE:COTY)

New York State Common Retirement Fund decreased its holdings in shares of Coty Inc. (NYSE:COTY) by 5.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 315,021 shares of the company’s stock after selling 18,837 shares during the period. New York State Common Retirement Fund’s holdings in Coty were worth $3,913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BluePath Capital Management LLC acquired a new stake in Coty during the 3rd quarter worth $29,000. DekaBank Deutsche Girozentrale bought a new stake in Coty in the third quarter valued at about $31,000. Pathstone Family Office LLC acquired a new position in Coty in the third quarter valued at about $118,000. Fulton Bank N.A. bought a new position in Coty during the fourth quarter worth about $131,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Coty during the 3rd quarter worth about $136,000. 42.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. DA Davidson reissued a “buy” rating and set a $17.50 price objective on shares of Coty in a research note on Monday, April 22nd. Canaccord Genuity Group assumed coverage on shares of Coty in a research report on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective on the stock. Canaccord Genuity Group began coverage on shares of Coty in a report on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective on the stock. TheStreet raised shares of Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th. Finally, TD Cowen cut their price target on shares of Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Coty has an average rating of “Hold” and an average target price of $13.20.

Insider Activity at Coty

In other Coty news, 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 transaction, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Coty news, Director Robert S. Singer sold 90,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction that occurred on Wednesday, March 6th. The shares were 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 of the company’s stock, valued at $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

Coty Stock Performance

Shares of COTY stock opened at $11.60 on Monday. Coty Inc. has a 52 week low of $9.02 and a 52 week high of $13.46. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 6.49 and a beta of 1.83. The company has a 50-day simple moving average of $11.80 and a 200 day simple moving average of $11.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85.

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, topping the consensus estimate 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 period last year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts predict that Coty Inc. will post 0.45 earnings per share for the current 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.