Teacher Retirement System of Texas Acquires New Shares in Coty (NYSE:COTY)

Teacher Retirement System of Texas acquired a new stake in Coty (NYSE:COTY) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 57,220 shares of the company’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Jump Financial LLC acquired a new stake in shares of Coty in the 4th quarter valued at $873,000. Janney Montgomery Scott LLC lifted its stake in shares of Coty by 270.4% in the 1st 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 during the last quarter. Graphene Investments SAS lifted its stake in shares of Coty by 36.0% in the 1st quarter. Graphene Investments SAS now owns 518,300 shares of the company’s stock valued at $2,835,000 after purchasing an additional 137,100 shares during the last quarter. Two Sigma Investments LP lifted its stake 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 purchasing an additional 687,756 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Coty in the 4th quarter valued at $7,930,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Stock Performance

NYSE:COTY opened at $4.92 on Friday. Coty has a 12-month low of $4.46 and a 12-month high of $10.30. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $4.29 billion, a PE ratio of -10.25, a price-to-earnings-growth ratio of 0.67 and a beta of 1.91. The firm has a 50-day moving average price of $4.93 and a 200 day moving average price of $5.54.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BNP Paribas lowered shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 target price for the company. in a research report on Friday, April 11th. Citigroup cut their target price on shares of Coty from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. Bank of America lowered shares of Coty from a “buy” rating to an “underperform” rating and cut their target price for the stock from $9.00 to $4.50 in a research report on Tuesday, April 15th. Wells Fargo & Company reissued a “positive” rating on shares of Coty in a research report on Wednesday, April 16th. Finally, Barclays cut their target price on shares of Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.80.

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.