Principal Financial Group Inc. Decreases Holdings in Coty Inc. (NYSE:COTY)

Principal Financial Group Inc. reduced its holdings in shares of Coty Inc. (NYSE:COTY) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 846,189 shares of the company’s stock after selling 370,018 shares during the quarter. Principal Financial Group Inc. owned approximately 0.10% of Coty worth $7,946,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Blue Trust Inc. grew its holdings in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares during the last quarter. Quent Capital LLC grew its stake in Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after buying an additional 4,810 shares during the last quarter. WealthShield Partners LLC purchased a new position in Coty during the 2nd quarter worth approximately $100,000. Fifth Third Wealth Advisors LLC acquired a new position in Coty during the second quarter worth approximately $107,000. Finally, EntryPoint Capital LLC lifted its stake in Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after buying an additional 8,419 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Ratings Changes

COTY has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. DA Davidson dropped their price objective on shares of Coty from $14.50 to $12.50 and set a “buy” rating on the stock in a research note on Monday, November 11th. Jefferies Financial Group decreased their target price on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Barclays cut Coty from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $8.00 to $7.00 in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.56.

Coty Price Performance

Shares of NYSE COTY opened at $7.09 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty Inc. has a one year low of $6.93 and a one year high of $13.30. The firm has a market capitalization of $6.16 billion, a P/E ratio of 41.68, a PEG ratio of 0.71 and a beta of 1.91. The company’s fifty day moving average is $8.35 and its two-hundred day moving average is $9.40.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts forecast that Coty Inc. will post 0.51 EPS for the current fiscal year.

Coty Company 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.