The Cooper Companies, Inc. (NASDAQ:COO) Stock Holdings Increased by Lbp Am Sa

LBP AM SA grew its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 40.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,934 shares of the medical device company's stock after acquiring an additional 20,021 shares during the period. LBP AM SA's holdings in Cooper Companies were worth $5,899,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cooper Companies by 15.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,189 shares of the medical device company's stock valued at $2,194,000 after purchasing an additional 3,440 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Cooper Companies by 13.4% in the 1st quarter. DAVENPORT & Co LLC now owns 4,335 shares of the medical device company's stock valued at $366,000 after purchasing an additional 513 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Cooper Companies by 3.0% in the 1st quarter. State of Alaska Department of Revenue now owns 23,390 shares of the medical device company's stock valued at $1,972,000 after purchasing an additional 680 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Cooper Companies in the 4th quarter valued at about $95,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Cooper Companies by 19.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,407 shares of the medical device company's stock valued at $129,000 after purchasing an additional 226 shares in the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on COO shares. Needham & Company LLC upgraded shares of Cooper Companies from a "hold" rating to a "buy" rating and set a $94.00 target price on the stock in a research note on Tuesday, June 17th. Piper Sandler reaffirmed an "overweight" rating and issued a $105.00 price target (down from $115.00) on shares of Cooper Companies in a report on Friday, May 30th. BNP Paribas upgraded shares of Cooper Companies to a "hold" rating in a research note on Thursday, March 13th. Loop Capital set a $100.00 target price on Cooper Companies in a report on Tuesday, June 17th. Finally, Robert W. Baird cut their price target on Cooper Companies from $107.00 to $97.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $99.70.

Cooper Companies Stock Performance

NASDAQ COO traded up $1.75 on Thursday, hitting $76.70. The stock had a trading volume of 2,983,952 shares, compared to its average volume of 1,743,067. The Cooper Companies, Inc. has a one year low of $65.00 and a one year high of $112.38. The company has a quick ratio of 1.23, a current ratio of 2.10 and a debt-to-equity ratio of 0.30. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 37.23, a P/E/G ratio of 1.81 and a beta of 0.99. The company's 50-day moving average is $75.16 and its two-hundred day moving average is $82.95.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its earnings results on Thursday, May 29th. The medical device company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Cooper Companies had a net margin of 10.39% and a return on equity of 9.60%. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $995.12 million. During the same quarter in the prior year, the firm earned $0.85 EPS. Cooper Companies's quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts expect that The Cooper Companies, Inc. will post 3.98 earnings per share for the current year.

Cooper Companies Company Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.