Coty Inc. (NYSE:COTY) Stock Position Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 30.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 846,189 shares of the company's stock after selling 370,018 shares during the quarter. Principal Financial Group Inc. owned approximately 0.10% of Coty worth $7,946,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in COTY. Point72 Asset Management L.P. increased its holdings in shares of Coty by 789.3% in the 2nd 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 last quarter. SG Americas Securities LLC boosted its holdings in Coty by 1,798.5% in 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 during the period. Vaughan Nelson Investment Management L.P. increased its stake in Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company's stock valued at $52,984,000 after purchasing an additional 1,687,045 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Coty by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company's stock worth $94,068,000 after purchasing an additional 890,626 shares during the period. Finally, Armistice Capital LLC acquired a new stake in shares of Coty during the second quarter worth $8,883,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Price Performance

NYSE:COTY traded up $0.04 during midday trading on Wednesday, hitting $6.96. 2,706,093 shares of the stock were exchanged, compared to its average volume of 4,268,193. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 40.94, a P/E/G ratio of 0.75 and a beta of 1.89. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. Coty Inc. has a one year low of $6.80 and a one year high of $13.30. The business has a 50-day moving average price of $7.36 and a two-hundred day moving average price of $8.69.

Coty (NYSE:COTY - Get Free Report) last announced 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). The firm 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%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. Sell-side analysts predict that Coty Inc. will post 0.51 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on COTY shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on Coty in a report on Friday, December 13th. They set a "neutral" rating and a $9.00 target price for the company. Barclays downgraded Coty from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. Raymond James lowered their price objective on Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $12.50 target price on shares of Coty in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $11.41.

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.