Louisiana State Employees Retirement System Acquires Shares of 105,200 Coty Inc. (NYSE:COTY)

Louisiana State Employees Retirement System acquired a new position in shares of Coty Inc. (NYSE:COTY - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 105,200 shares of the company's stock, valued at approximately $1,307,000.

Other large investors have also modified their holdings of the company. BluePath Capital Management LLC purchased a new position in Coty in the third quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale purchased a new position in Coty in the third quarter valued at approximately $31,000. Fulton Bank N.A. acquired a new stake in shares of Coty during the fourth quarter worth approximately $131,000. Pathstone Family Office LLC acquired a new stake in shares of Coty during the third quarter worth approximately $118,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Coty during the third quarter worth approximately $136,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Stock Performance

COTY stock traded up $0.13 during mid-day trading on Monday, reaching $11.28. The company had a trading volume of 6,886,281 shares, compared to its average volume of 4,012,327. Coty Inc. has a one year low of $9.02 and a one year high of $13.46. The stock's 50-day simple moving average is $11.92 and its two-hundred day simple moving average is $11.50. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $10.10 billion, a P/E ratio of 32.23, a P/E/G ratio of 6.17 and a beta of 1.82.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. The business had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.68 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. The company's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. Research analysts anticipate that Coty Inc. will post 0.45 EPS for the current year.

Insider Buying and Selling

In related news, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the transaction, the director now directly owns 120,000 shares of the company's stock, valued at $1,524,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now owns 120,000 shares of the company's stock, valued at approximately $1,524,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $12.56, for a total value of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Cowen decreased their price target on shares of Coty from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, April 17th. Citigroup decreased their price target on shares of Coty from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, April 16th. Canaccord Genuity Group assumed coverage on shares of Coty in a research report on Monday, April 15th. They set a "buy" rating and a $14.00 price target for the company. TheStreet raised shares of Coty from a "c+" rating to a "b-" rating in a research report on Thursday, February 8th. Finally, Wells Fargo & Company raised their price target on shares of Coty from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $13.19.

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.