Thrivent Financial for Lutherans Has $60.57 Million Holdings in Coty Inc. (NYSE:COTY)

Thrivent Financial for Lutherans raised its stake in Coty Inc. (NYSE:COTY - Free Report) by 11.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,450,073 shares of the company's stock after purchasing an additional 656,952 shares during the quarter. Thrivent Financial for Lutherans owned about 0.74% of Coty worth $60,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its position in Coty by 789.3% during the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company's stock valued at $55,932,000 after acquiring an additional 4,954,362 shares during the period. SG Americas Securities LLC lifted its stake in shares of Coty by 1,798.5% during the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company's stock worth $17,346,000 after purchasing an additional 1,750,021 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Coty by 42.6% in the third 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 in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Coty by 733.0% in the second 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Coty by 10.5% in the second 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 in the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on COTY shares. Jefferies Financial Group cut their price objective on Coty from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. Citigroup cut their price objective on Coty from $10.50 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. cut their price objective on Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Evercore ISI reaffirmed an "outperform" rating and set a $15.00 target price on shares of Coty in a report on Wednesday, August 21st. Finally, Stifel Nicolaus lowered their target price on Coty from $11.00 to $10.00 and set a "hold" rating for the company in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, Coty presently has an average rating of "Moderate Buy" and a consensus target price of $11.56.

Coty Trading Up 0.8 %

Shares of NYSE COTY traded up $0.06 during mid-day trading on Tuesday, hitting $7.13. 2,314,724 shares of the company traded hands, compared to its average volume of 4,239,409. Coty Inc. has a 1 year low of $6.93 and a 1 year high of $13.30. The business has a 50 day moving average of $8.39 and a two-hundred day moving average of $9.43. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 41.59, a PEG ratio of 0.71 and a beta of 1.91. 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 (NYSE:COTY - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The business's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, sell-side analysts anticipate that Coty Inc. will post 0.51 earnings per share 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.