27,422 Shares in The Cooper Companies, Inc. (NASDAQ:COO) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd purchased a new position in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,422 shares of the medical device company's stock, valued at approximately $2,521,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Byrne Asset Management LLC bought a new stake in shares of Cooper Companies in the 4th quarter worth approximately $33,000. OFI Invest Asset Management bought a new stake in shares of Cooper Companies in the 4th quarter worth approximately $34,000. New Age Alpha Advisors LLC bought a new stake in shares of Cooper Companies in the 4th quarter worth approximately $38,000. Covestor Ltd raised its holdings in shares of Cooper Companies by 35.5% in the 4th quarter. Covestor Ltd now owns 458 shares of the medical device company's stock worth $42,000 after purchasing an additional 120 shares in the last quarter. Finally, West Financial Advisors LLC bought a new stake in shares of Cooper Companies in the 4th quarter worth approximately $49,000. 24.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COO has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of Cooper Companies from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, March 7th. BNP Paribas upgraded shares of Cooper Companies to a "hold" rating in a report on Thursday, March 13th. Robert W. Baird cut their price target on shares of Cooper Companies from $117.00 to $107.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Piper Sandler restated an "overweight" rating and set a $115.00 price target (down previously from $120.00) on shares of Cooper Companies in a report on Friday, March 7th. Finally, Citigroup cut their price target on shares of Cooper Companies from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $110.25.

Cooper Companies Stock Up 1.8%

Shares of Cooper Companies stock traded up $1.47 on Friday, hitting $82.92. 1,519,674 shares of the company traded hands, compared to its average volume of 1,471,543. The company has a 50-day moving average price of $80.19 and a 200 day moving average price of $90.00. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The Cooper Companies, Inc. has a 12-month low of $69.81 and a 12-month high of $112.38. The company has a market cap of $16.58 billion, a PE ratio of 42.52, a PEG ratio of 2.25 and a beta of 1.08.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The business had revenue of $964.70 million for the quarter, compared to analysts' expectations of $981.25 million. Sell-side analysts predict that The Cooper Companies, Inc. will post 3.98 earnings per share for the current year.

About Cooper Companies

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.