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New York State Common Retirement Fund Acquires 3,112 Shares of Coty Inc. (NYSE:COTY)

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New York State Common Retirement Fund raised its position in Coty Inc. (NYSE:COTY) by 0.9% in the 3rd quarter, Holdings Channel reports. The firm owned 368,142 shares of the company’s stock after buying an additional 3,112 shares during the quarter. New York State Common Retirement Fund’s holdings in Coty were worth $2,894,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Federated Hermes Inc. boosted its holdings in Coty by 2.3% in the 2nd quarter. Federated Hermes Inc. now owns 58,720 shares of the company’s stock valued at $548,000 after purchasing an additional 1,323 shares during the period. Stifel Financial Corp boosted its holdings in Coty by 13.1% in the 2nd quarter. Stifel Financial Corp now owns 19,483 shares of the company’s stock valued at $182,000 after purchasing an additional 2,250 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Coty by 9.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 28,055 shares of the company’s stock valued at $262,000 after purchasing an additional 2,499 shares during the period. Xponance Inc. boosted its holdings in Coty by 10.5% in the 2nd quarter. Xponance Inc. now owns 33,120 shares of the company’s stock valued at $309,000 after purchasing an additional 3,135 shares during the period. Finally, Advisory Services Network LLC bought a new position in Coty in the 2nd quarter valued at $30,000. 34.68% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on COTY shares. Zacks Investment Research downgraded shares of Coty from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a report on Tuesday, December 28th. Raymond James upgraded shares of Coty from a “market perform” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Tuesday, November 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coty from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 19th. Royal Bank of Canada raised their price objective on shares of Coty from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, November 11th. Finally, Wells Fargo & Company upgraded shares of Coty from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $8.00 to $11.00 in a research report on Wednesday, November 17th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coty presently has a consensus rating of “Buy” and a consensus target price of $12.23.

Shares of NYSE:COTY opened at $10.04 on Friday. The stock has a market cap of $8.22 billion, a PE ratio of -19.31 and a beta of 2.52. The company’s fifty day moving average is $10.10 and its 200 day moving average is $9.05. Coty Inc. has a 52 week low of $6.20 and a 52 week high of $11.12. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 1.52.

Coty (NYSE:COTY) last issued its earnings results on Sunday, November 7th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Coty had a negative net margin of 7.75% and a positive return on equity of 4.16%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue was up 22.0% compared to the same quarter last year. Sell-side analysts anticipate that Coty Inc. will post 0.23 EPS for the current year.

In other Coty news, Director Robert S. Singer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 24th. The shares were sold at an average price of $10.28, for a total value of $102,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Maria Asunicion Aramburuzabala acquired 586,307 shares of the firm’s stock in a transaction on Monday, November 15th. The stock was purchased at an average price of $10.90 per share, for a total transaction of $6,390,746.30. The disclosure for this purchase can be found here. Insiders sold 65,000 shares of company stock worth $671,400 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

About Coty

Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focuses on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.

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