Thrivent Financial for Lutherans Has $56.35 Million Stake in Coty Inc. (NYSE:COTY)

Thrivent Financial for Lutherans boosted its position in Coty Inc. (NYSE:COTY - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,096,912 shares of the company's stock after purchasing an additional 1,646,839 shares during the quarter. Thrivent Financial for Lutherans owned about 0.93% of Coty worth $56,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COTY. Steward Partners Investment Advisory LLC grew its stake in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after purchasing an additional 3,186 shares in the last quarter. Allworth Financial LP grew its position in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after buying an additional 3,328 shares in the last quarter. Blue Trust Inc. increased its stake in Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after buying an additional 3,877 shares during the period. R Squared Ltd acquired a new position in Coty during the 4th quarter valued at about $54,000. Finally, US Bancorp DE raised its position in shares of Coty by 116.0% during the 4th quarter. US Bancorp DE now owns 9,473 shares of the company's stock worth $66,000 after buying an additional 5,088 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on COTY. Citigroup upgraded shares of Coty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $7.00 to $8.00 in a report on Thursday. The Goldman Sachs Group lowered their price target on Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Barclays cut their price target on shares of Coty from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Friday, January 17th. Canaccord Genuity Group reduced their price objective on Coty from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, DA Davidson reiterated a "buy" rating and issued a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.78.

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Coty Stock Down 0.4 %

COTY stock traded down $0.03 during mid-day trading on Monday, hitting $5.54. The stock had a trading volume of 5,545,738 shares, compared to its average volume of 4,762,725. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of -553.50, a PEG ratio of 0.81 and a beta of 1.97. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. Coty Inc. has a 1-year low of $5.35 and a 1-year high of $11.99. The company has a fifty day moving average of $6.29 and a 200 day moving average of $7.33.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, equities analysts expect that Coty Inc. will post 0.39 EPS 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.