State of New Jersey Common Pension Fund D Sells 39,036 Shares of Coty Inc. (NYSE:COTY)

State of New Jersey Common Pension Fund D lowered its holdings in shares of Coty Inc. (NYSE:COTY) by 17.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 181,981 shares of the company’s stock after selling 39,036 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Coty were worth $1,823,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in COTY. Vanguard Group Inc. grew its holdings in Coty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock worth $494,022,000 after acquiring an additional 494,639 shares during the last quarter. Banco Santander S.A. grew its holdings in Coty by 0.3% in the 2nd quarter. Banco Santander S.A. now owns 23,033,578 shares of the company’s stock worth $230,796,000 after acquiring an additional 80,000 shares during the last quarter. FIL Ltd grew its holdings in Coty by 10.6% in the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock worth $178,171,000 after acquiring an additional 1,375,857 shares during the last quarter. Norges Bank bought a new stake in Coty in the 4th quarter worth $67,193,000. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Coty by 24.6% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,955,557 shares of the company’s stock worth $39,634,000 after acquiring an additional 780,685 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Stock Up 1.1 %

Shares of Coty stock opened at $9.29 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. The stock has a market capitalization of $8.06 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.89. Coty Inc. has a 52-week low of $8.66 and a 52-week high of $13.30. The company has a 50-day simple moving average of $9.47 and a two-hundred day simple moving average of $10.37.

Coty (NYSE:COTY) last issued its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. On average, analysts anticipate that Coty Inc. will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America cut their price target on shares of Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Coty in a research report on Wednesday, August 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 target price on shares of Coty in a research report on Friday, September 13th. Barclays dropped their target price on shares of Coty from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Finally, DA Davidson raised their target price on shares of Coty from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.85.

About Coty

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.