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

Principal Financial Group Inc. lowered its stake in Coty Inc. (NYSE:COTY) by 30.4% during the third quarter, according to the company in its most recent 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.’s holdings in Coty were worth $7,946,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares during the last quarter. Quent Capital LLC lifted its holdings in Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC acquired a new stake in shares of Coty during the 2nd quarter worth about $100,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Coty during the second quarter worth about $107,000. Finally, EntryPoint Capital LLC raised its position in shares of 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. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Stock Performance

Shares of COTY opened at $7.09 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. Coty Inc. has a 12-month low of $6.93 and a 12-month high of $13.30. The business’s fifty day moving average price is $8.35 and its 200 day moving average price is $9.40. The stock has a market capitalization of $6.16 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of 0.71 and a beta of 1.91.

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

Analyst Ratings Changes

Several research firms have commented on COTY. Stifel Nicolaus lowered their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. Barclays downgraded Coty from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. Wells Fargo & Company decreased their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Jefferies Financial Group cut their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Raymond James decreased their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.56.

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.