State of Tennessee Department of Treasury Sells 36,043 Shares of Coty Inc. (NYSE:COTY)

State of Tennessee Department of Treasury trimmed its position in shares of Coty Inc. (NYSE:COTY) by 21.1% during the 4th quarter, HoldingsChannel reports. The fund owned 134,377 shares of the company’s stock after selling 36,043 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Coty were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Coty during the fourth quarter valued at $44,401,000. Amundi increased its stake in shares of Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after buying an additional 4,478,906 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of Coty in the fourth quarter valued at $19,663,000. Thrivent Financial for Lutherans increased its stake in shares of Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after buying an additional 1,646,839 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Coty by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after buying an additional 1,569,315 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Trading Down 0.6 %

NYSE:COTY opened at $5.02 on Friday. Coty Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $11.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The stock has a market capitalization of $4.38 billion, a PE ratio of -502.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The business’s 50-day simple moving average is $5.32 and its 200-day simple moving average is $6.50.

Coty (NYSE:COTY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Sell-side analysts expect that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler lowered their target price on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Barclays lowered their target price on Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Friday, April 11th. Canaccord Genuity Group lowered their price objective on Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Evercore ISI lowered their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their price objective on Coty from $8.00 to $6.50 and set a “hold” rating for the company in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.24.

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.