The Cooper Companies, Inc. (NASDAQ:COO) Holdings Raised by Arizona State Retirement System

Arizona State Retirement System lifted its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 57,817 shares of the medical device company’s stock after buying an additional 769 shares during the period. Arizona State Retirement System’s holdings in Cooper Companies were worth $5,315,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Cooper Companies by 23.0% during the 3rd quarter. Victory Capital Management Inc. now owns 3,950,119 shares of the medical device company’s stock worth $435,856,000 after purchasing an additional 737,726 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Cooper Companies during the 4th quarter worth $691,000. Highland Capital Management LLC acquired a new position in shares of Cooper Companies during the 4th quarter worth $4,004,000. Caprock Group LLC acquired a new position in shares of Cooper Companies during the 4th quarter worth $282,000. Finally, Franklin Resources Inc. increased its stake in shares of Cooper Companies by 194.0% during the 3rd quarter. Franklin Resources Inc. now owns 48,892 shares of the medical device company’s stock worth $5,265,000 after purchasing an additional 32,260 shares during the last quarter. Institutional investors and hedge funds own 24.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Cooper Companies from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. dropped their price target on shares of Cooper Companies from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday. Robert W. Baird lowered their target price on shares of Cooper Companies from $117.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a research note on Friday. Finally, Stifel Nicolaus lowered their target price on shares of Cooper Companies from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.89.

Cooper Companies Price Performance

Shares of Cooper Companies stock opened at $85.00 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12. The Cooper Companies, Inc. has a fifty-two week low of $82.61 and a fifty-two week high of $112.38. The firm has a fifty day moving average price of $92.38 and a two-hundred day moving average price of $99.40. The company has a market cap of $16.96 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02.

Cooper Companies (NASDAQ:COO) last issued its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The firm had revenue of $964.70 million during the quarter, compared to the consensus estimate of $981.25 million. Analysts expect that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Cooper Companies Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.