Coty Inc. (NYSE:COTY) Holdings Lifted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of Coty Inc. (NYSE:COTY) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,450,073 shares of the company’s stock after buying an additional 656,952 shares during the quarter. Thrivent Financial for Lutherans owned 0.74% of Coty worth $60,566,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its stake in shares of Coty by 0.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 398,197 shares of the company’s stock worth $4,802,000 after purchasing an additional 2,977 shares in the last quarter. MQS Management LLC lifted its position in shares of Coty by 194.7% in the 1st quarter. MQS Management LLC now owns 35,086 shares of the company’s stock worth $420,000 after acquiring an additional 23,181 shares during the period. EntryPoint Capital LLC lifted its position in shares of Coty by 260.4% during the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after buying an additional 8,419 shares during the period. Dynasty Wealth Management LLC bought a new position in Coty in the 1st quarter valued at $423,000. Finally, Tidal Investments LLC raised its position in Coty by 327.9% in the 1st quarter. Tidal Investments LLC now owns 135,474 shares of the company’s stock valued at $1,620,000 after purchasing an additional 103,811 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on COTY shares. Barclays cut Coty from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $8.00 to $7.00 in a research note on Thursday, November 7th. Wells Fargo & Company dropped their target price on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Stifel Nicolaus dropped their target price on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. Evercore ISI restated an “outperform” rating and set a $15.00 target price on shares of Coty in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coty currently has a consensus rating of “Moderate Buy” and an average price target of $11.56.

Coty Stock Performance

Shares of NYSE COTY opened at $7.07 on Tuesday. Coty Inc. has a 52 week low of $6.93 and a 52 week high of $13.30. The stock has a market capitalization of $6.15 billion, a PE ratio of 41.59, a price-to-earnings-growth ratio of 0.70 and a beta of 1.91. The stock has a 50 day moving average price of $8.39 and a 200 day moving average price of $9.43. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts predict that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Coty Company 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.