Thrivent Financial for Lutherans Purchases 656,952 Shares of Coty Inc. (NYSE:COTY)

Thrivent Financial for Lutherans lifted its position in shares of Coty Inc. (NYSE:COTY) by 11.3% during the third quarter, Holdings Channel.com reports. The firm owned 6,450,073 shares of the company’s stock after buying an additional 656,952 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Coty were worth $60,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its stake in Coty by 789.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after acquiring an additional 4,954,362 shares during the period. SG Americas Securities LLC increased its stake in Coty by 1,798.5% during the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock worth $17,346,000 after acquiring an additional 1,750,021 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after acquiring an additional 1,687,045 shares during the period. Assenagon Asset Management S.A. increased its stake in 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 during the period. Finally, Dimensional Fund Advisors LP increased its stake in Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after acquiring an additional 890,626 shares during the period. Institutional investors own 42.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. DA Davidson lowered their price objective on Coty from $14.50 to $12.50 and set a “buy” rating on the stock in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Coty in a report on Wednesday, August 21st. Finally, TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and reduced their target price for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.56.

Coty Trading Down 1.8 %

NYSE COTY opened at $7.07 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. Coty Inc. has a twelve month low of $6.93 and a twelve month high of $13.30. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 0.70 and a beta of 1.91. The business’s fifty day moving average is $8.39 and its 200 day moving average is $9.43.

Coty (NYSE:COTY) last released its quarterly earnings data 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 net margin of 2.78% and a return on equity of 9.16%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business earned $0.09 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts expect 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.