State of New Jersey Common Pension Fund D Buys 23,358 Shares of Coty Inc. (NYSE:COTY)

State of New Jersey Common Pension Fund D lifted its stake in Coty Inc. (NYSE:COTY) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,339 shares of the company’s stock after purchasing an additional 23,358 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Coty were worth $1,928,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Atria Investments Inc grew its holdings in Coty by 19.3% during the 3rd quarter. Atria Investments Inc now owns 18,650 shares of the company’s stock worth $175,000 after acquiring an additional 3,022 shares in the last quarter. M&G PLC grew its holdings in Coty by 4.7% during the 3rd quarter. M&G PLC now owns 533,731 shares of the company’s stock worth $4,804,000 after acquiring an additional 24,037 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Coty by 3.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after acquiring an additional 1,545 shares in the last quarter. Raymond James & Associates grew its holdings in Coty by 13.2% during the 3rd quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock worth $3,273,000 after acquiring an additional 40,572 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

Coty Price Performance

Shares of NYSE:COTY opened at $7.20 on Monday. Coty Inc. has a twelve month low of $7.02 and a twelve month high of $13.30. The company’s 50 day moving average is $8.39 and its 200 day moving average is $9.44. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.26 billion, a PE ratio of 42.35, a price-to-earnings-growth ratio of 0.70 and a beta of 1.91.

Coty (NYSE:COTY) last issued its quarterly 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 business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company posted $0.09 EPS. Coty’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Coty Inc. will post 0.51 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on COTY. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. DA Davidson decreased their price target on shares of Coty from $14.50 to $12.50 and set a “buy” rating for the company in a research report on Monday, November 11th. Evercore ISI reissued an “outperform” rating and set a $15.00 price target on shares of Coty in a research report on Wednesday, August 21st. Stifel Nicolaus decreased their price target on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. Finally, Barclays lowered shares of Coty from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.