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

Teacher Retirement System of Texas acquired a new position in shares of Coty (NYSE:COTY - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 57,220 shares of the company's stock, valued at approximately $313,000.

A number of other institutional investors have also made changes to their positions in COTY. GAMMA Investing LLC grew its holdings in shares of Coty by 140.2% in the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock valued at $30,000 after acquiring an additional 3,214 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after buying an additional 2,601 shares in the last quarter. Impact Capital Partners LLC purchased a new stake in shares of Coty in the first quarter worth $61,000. Scotia Capital Inc. purchased a new stake in shares of Coty in the fourth quarter worth $70,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Coty in the fourth quarter worth $84,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Citigroup reduced their price target on shares of Coty from $8.00 to $6.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Bank of America cut shares of Coty from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $9.00 to $4.50 in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company restated a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $7.80.

Coty Stock Down 0.4%

NYSE COTY traded down $0.02 during trading hours on Friday, reaching $4.92. 5,797,370 shares of the company traded hands, compared to its average volume of 6,414,670. The stock has a market capitalization of $4.29 billion, a PE ratio of -10.25, a PEG ratio of 0.67 and a beta of 1.91. Coty has a 12 month low of $4.46 and a 12 month high of $10.30. The company has a 50 day moving average of $4.93 and a two-hundred day moving average of $5.53. 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 (NYSE:COTY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $1.30 billion for 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%. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. As a group, equities analysts expect that Coty will post 0.39 earnings per share for the current year.

Coty 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.