California State Teachers Retirement System Increases Holdings in Coty $COTY

California State Teachers Retirement System boosted its stake in Coty (NYSE:COTY) by 51.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 541,504 shares of the company’s stock after purchasing an additional 183,282 shares during the quarter. California State Teachers Retirement System’s holdings in Coty were worth $1,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Shay Capital LLC purchased a new stake in shares of Coty in the second quarter worth about $46,000. FORA Capital LLC purchased a new position in Coty during the second quarter valued at approximately $47,000. Robeco Institutional Asset Management B.V. bought a new stake in Coty during the 4th quarter worth approximately $32,000. Vident Advisory LLC bought a new stake in Coty during the 2nd quarter worth approximately $50,000. Finally, United Capital Financial Advisors LLC purchased a new stake in Coty in the 3rd quarter worth approximately $43,000. 42.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on COTY. Citigroup upped their price target on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and set a $8.00 target price on shares of Coty in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Coty in a report on Friday, August 7th. Morgan Stanley set a $2.50 price target on Coty in a research report on Thursday, May 7th. Finally, TD Cowen boosted their price objective on Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $3.70.

Coty Stock Performance

Shares of NYSE COTY opened at $2.85 on Friday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -4.59, a P/E/G ratio of 0.79 and a beta of 0.97. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. Coty has a 1-year low of $1.82 and a 1-year high of $5.08. The stock’s 50-day moving average is $2.38 and its 200 day moving average is $2.37.

Coty Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.