Coty Inc. (NYSE:COTY) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in shares of Coty Inc. (NYSE:COTY) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,793,121 shares of the company’s stock after selling 40,576 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.67% of Coty worth $58,047,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in COTY. Norges Bank acquired a new position in shares of Coty during the 4th quarter worth about $67,193,000. Sea Cliff Partners Management LP acquired a new position in shares of Coty during the 4th quarter worth about $24,803,000. Assenagon Asset Management S.A. boosted its position in shares of Coty by 733.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after acquiring an additional 1,671,897 shares in the last quarter. Prevatt Capital Ltd acquired a new position in shares of Coty during the 4th quarter worth about $19,251,000. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Coty by 78.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock worth $37,972,000 after acquiring an additional 1,395,230 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COTY has been the subject of a number of research analyst reports. DA Davidson upped their target price on Coty from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Barclays decreased their target price on Coty from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Piper Sandler decreased their target price on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 target price on shares of Coty in a research report on Friday, September 13th. Finally, Bank of America decreased their target price on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coty has a consensus rating of “Moderate Buy” and a consensus price target of $12.85.

Coty Stock Performance

Shares of COTY stock opened at $9.19 on Monday. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 0.66 and a beta of 1.89. The stock has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $10.39. Coty Inc. has a 12-month low of $8.66 and a 12-month high of $13.30. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96.

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 analysts’ consensus estimates of $0.04 by ($0.07). Coty had a return on equity of 8.05% and a net margin of 1.46%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company posted $0.01 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts forecast that Coty Inc. will post 0.56 EPS for the current year.

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.