Principal Financial Group Inc. Purchases 5,272 Shares of Coty (NYSE:COTY)

Principal Financial Group Inc. raised its stake in Coty (NYSE:COTY) by 0.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 844,292 shares of the company’s stock after purchasing an additional 5,272 shares during the quarter. Principal Financial Group Inc. owned 0.10% of Coty worth $4,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jump Financial LLC bought a new stake in Coty during the fourth quarter valued at about $873,000. Janney Montgomery Scott LLC boosted its position in Coty by 270.4% during the first quarter. Janney Montgomery Scott LLC now owns 142,219 shares of the company’s stock valued at $778,000 after purchasing an additional 103,828 shares in the last quarter. Graphene Investments SAS increased its position in Coty by 36.0% during the 1st quarter. Graphene Investments SAS now owns 518,300 shares of the company’s stock valued at $2,835,000 after buying an additional 137,100 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Coty by 490.7% in the 4th quarter. Two Sigma Investments LP now owns 827,903 shares of the company’s stock valued at $5,762,000 after acquiring an additional 687,756 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in Coty in the 4th quarter worth approximately $7,930,000. 42.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on COTY shares. Berenberg Bank initiated coverage on shares of Coty in a research note on Tuesday, March 25th. They set a “buy” rating and a $7.50 target price for the company. Citigroup lowered their price objective on shares of Coty from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their target price on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus dropped their price objective on shares of Coty from $8.00 to $6.50 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Finally, Raymond James Financial lowered Coty from an “outperform” rating to a “market perform” rating in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.80.

Coty Stock Performance

Shares of Coty stock opened at $4.95 on Friday. The company has a market cap of $4.32 billion, a P/E ratio of -10.32, a PEG ratio of 0.67 and a beta of 1.91. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.03. Coty has a 1-year low of $4.46 and a 1-year high of $10.30. The business has a 50-day moving average price of $4.92 and a two-hundred day moving average price of $5.56.

Coty (NYSE:COTY) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. Coty’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. As a group, analysts anticipate that Coty will post 0.39 EPS 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.