Principal Financial Group Inc. Has $7.95 Million Stock Position in Coty Inc. (NYSE:COTY)

Principal Financial Group Inc. reduced its position in shares of Coty Inc. (NYSE:COTY - Free Report) by 30.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 846,189 shares of the company's stock after selling 370,018 shares during the period. Principal Financial Group Inc. owned about 0.10% of Coty worth $7,946,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COTY. Blue Trust Inc. increased its stake in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock worth $31,000 after buying an additional 2,385 shares during the last quarter. Quent Capital LLC increased its stake in shares of Coty by 1,448.8% in the second quarter. Quent Capital LLC now owns 5,142 shares of the company's stock worth $52,000 after buying an additional 4,810 shares during the last quarter. WealthShield Partners LLC bought a new stake in shares of Coty in the second quarter worth $100,000. Fifth Third Wealth Advisors LLC bought a new stake in Coty during the second quarter valued at $107,000. Finally, EntryPoint Capital LLC increased its stake in Coty by 260.4% during the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company's stock valued at $139,000 after purchasing an additional 8,419 shares during the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Canaccord Genuity Group reiterated a "buy" rating and set a $14.00 target price on shares of Coty in a research note on Tuesday, October 15th. DA Davidson lowered their target price on shares of Coty from $14.50 to $12.50 and set a "buy" rating for the company in a research note on Monday, November 11th. Stifel Nicolaus lowered their target price on shares of Coty from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, October 15th. Jefferies Financial Group lowered their target price on shares of Coty from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Finally, Barclays lowered shares of Coty from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $8.00 to $7.00 in a research note on Thursday, November 7th. One 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. Based on data from MarketBeat, Coty presently has an average rating of "Moderate Buy" and a consensus target price of $11.56.

Coty Price Performance

Shares of COTY traded down $0.06 during midday trading on Wednesday, reaching $7.03. The stock had a trading volume of 1,260,130 shares, compared to its average volume of 4,238,036. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The company has a market capitalization of $6.12 billion, a P/E ratio of 41.65, a P/E/G ratio of 0.71 and a beta of 1.91. The firm's 50 day moving average price is $8.31 and its 200-day moving average price is $9.37. Coty Inc. has a 52 week low of $6.93 and a 52 week high of $13.30.

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 during the quarter, compared to analyst estimates of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. Coty's revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. On average, analysts forecast that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

About Coty

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.