The Cooper Companies, Inc. (NASDAQ:COO) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,025,356 shares of the medical device company's stock after selling 53,887 shares during the quarter. Janus Henderson Group PLC owned 1.52% of Cooper Companies worth $278,122,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Byrne Asset Management LLC bought a new position in Cooper Companies during the 4th quarter worth approximately $33,000. OFI Invest Asset Management bought a new position in Cooper Companies during the 4th quarter worth approximately $34,000. New Age Alpha Advisors LLC bought a new position in Cooper Companies during the 4th quarter worth approximately $38,000. Covestor Ltd lifted its holdings in Cooper Companies by 35.5% during the 4th quarter. Covestor Ltd now owns 458 shares of the medical device company's stock worth $42,000 after buying an additional 120 shares during the last quarter. Finally, West Financial Advisors LLC bought a new position in Cooper Companies during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 24.39% of the company's stock.

Cooper Companies Stock Down 0.8%

COO opened at $82.27 on Monday. The Cooper Companies, Inc. has a one year low of $69.81 and a one year high of $112.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91. The stock's fifty day moving average is $80.54 and its 200-day moving average is $90.81. The company has a market capitalization of $16.45 billion, a PE ratio of 42.19, a P/E/G ratio of 2.25 and a beta of 1.08.

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

Wall Street Analyst Weigh In

COO has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Cooper Companies in a report on Friday, March 7th. JPMorgan Chase & Co. cut their price target on Cooper Companies from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Citigroup cut their price target on Cooper Companies from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Robert W. Baird cut their price target on Cooper Companies from $117.00 to $107.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Finally, Stifel Nicolaus cut their price target on Cooper Companies from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $110.25.

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.

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