The Cooper Companies, Inc. (NASDAQ:COO) Position Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 82.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,175 shares of the medical device company's stock after selling 132,581 shares during the quarter. Teacher Retirement System of Texas' holdings in Cooper Companies were worth $2,461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Cooper Companies by 517.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,529,477 shares of the medical device company's stock worth $324,466,000 after acquiring an additional 2,957,421 shares in the last quarter. Norges Bank bought a new stake in shares of Cooper Companies during the 4th quarter worth $217,906,000. FMR LLC boosted its stake in shares of Cooper Companies by 97.6% during the 4th quarter. FMR LLC now owns 2,218,112 shares of the medical device company's stock worth $203,911,000 after acquiring an additional 1,095,805 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Cooper Companies by 8,337.0% during the 1st quarter. SG Americas Securities LLC now owns 369,542 shares of the medical device company's stock worth $31,171,000 after acquiring an additional 365,162 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Cooper Companies by 15.4% during the 4th quarter. Northern Trust Corp now owns 2,018,898 shares of the medical device company's stock worth $185,597,000 after acquiring an additional 268,972 shares in the last quarter. 24.39% of the stock is owned by institutional investors.

Cooper Companies Stock Down 2.5%

Shares of NASDAQ:COO traded down $1.93 during midday trading on Friday, hitting $74.77. 2,517,933 shares of the stock were exchanged, compared to its average volume of 1,742,225. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 2.10. The Cooper Companies, Inc. has a 52-week low of $65.00 and a 52-week high of $112.38. The business's fifty day simple moving average is $74.92 and its two-hundred day simple moving average is $82.64. The company has a market capitalization of $14.95 billion, a PE ratio of 36.30, a P/E/G ratio of 1.82 and a beta of 0.99.

Cooper Companies (NASDAQ:COO - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The medical device company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Cooper Companies had a return on equity of 9.60% and a net margin of 10.39%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $995.12 million. During the same period last year, the company earned $0.85 earnings per share. Cooper Companies's quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts predict that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COO has been the subject of several research reports. UBS Group raised Cooper Companies to a "buy" rating in a research note on Tuesday, June 17th. Wells Fargo & Company reduced their price objective on Cooper Companies from $118.00 to $93.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $76.00 target price (down previously from $110.00) on shares of Cooper Companies in a research report on Friday, May 30th. Loop Capital set a $100.00 target price on Cooper Companies in a research report on Tuesday, June 17th. Finally, Wall Street Zen cut Cooper Companies from a "buy" rating to a "hold" rating in a research report on Saturday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $99.70.

Cooper Companies 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.