Teacher Retirement System of Texas Sells 11,472 Shares of Coty Inc. (NYSE:COTY)

Posted by on Jun 12th, 2023

Teacher Retirement System of Texas lowered its stake in shares of Coty Inc. (NYSE:COTY – Get Rating) by 10.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 97,005 shares of the company’s stock after selling 11,472 shares during the period. Teacher Retirement System of Texas’ holdings in Coty were worth $830,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of Coty by 165.1% in the 4th quarter. Quadrant Capital Group LLC now owns 4,541 shares of the company’s stock valued at $39,000 after acquiring an additional 2,828 shares during the period. CWM LLC raised its stake in Coty by 197.8% during the 4th quarter. CWM LLC now owns 4,681 shares of the company’s stock valued at $40,000 after acquiring an additional 3,109 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Coty by 335.5% in the third quarter. Lazard Asset Management LLC now owns 10,840 shares of the company’s stock worth $68,000 after buying an additional 8,351 shares during the period. Captrust Financial Advisors raised its holdings in shares of Coty by 126.2% during the 1st quarter. Captrust Financial Advisors now owns 8,400 shares of the company’s stock valued at $76,000 after purchasing an additional 4,686 shares in the last quarter. Finally, Enlightenment Research LLC acquired a new position in Coty during the 3rd quarter valued at $83,000. Institutional investors and hedge funds own 37.10% of the company’s stock.

Coty Stock Performance

Shares of COTY opened at $11.81 on Monday. Coty Inc. has a 12-month low of $6.19 and a 12-month high of $12.64. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.69 and a quick ratio of 0.40. The stock has a market capitalization of $10.07 billion, a PE ratio of 59.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.88. The business’s fifty day moving average price is $11.66 and its 200 day moving average price is $10.44.

Coty (NYSE:COTY – Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.16. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.23 billion. Coty had a net margin of 3.55% and a return on equity of 12.81%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS. Equities research analysts forecast that Coty Inc. will post 0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

COTY has been the topic of several recent analyst reports. Citigroup started coverage on Coty in a report on Thursday, February 16th. They set a “neutral” rating and a $15.00 price objective on the stock. Raymond James increased their price objective on Coty from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, April 20th. DA Davidson restated a “buy” rating and set a $13.00 target price on shares of Coty in a research report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coty from $12.00 to $13.00 in a report on Tuesday, May 2nd. Finally, Stifel Nicolaus boosted their price target on Coty from $11.00 to $12.00 in a research report on Wednesday, May 10th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Coty presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.44.

About Coty

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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 products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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