Cooper Companies director Kurzius buys $549,320 in stock

Lawrence Erik Kurzius, a director at The Cooper Companies, Inc., recently purchased 10,000 shares of the company's common stock, totaling a sum of $549,320 on September 16, 2026. These shares were bought at a price of $54.932 each, which is notably lower than the current stock price of $62.93. InvestingPro analysis suggests that Cooper Companies is currently undervalued, with a P/E ratio of 21.71 and a PEG ratio of 0.49.

This insider purchase is consistent with an InvestingPro Tip indicating that management has been actively buying back shares. Mr. Kurzius now personally owns a total of 31,099 shares in the company. Additionally, Cooper Companies has faced several recent challenges, including revenue falling short of expectations in the third quarter of fiscal 2026, while earnings per share met consensus estimates after considering tariff refunds.

The company subsequently adjusted its financial guidance for the rest of fiscal 2026 downwards. Analysts have provided a mixed outlook on the stock, with William Blair downgrading Cooper Companies to Market Perform from Outperform due to inventory destocking and the decision not to sell CooperSurgical division, as well as Mizuho reducing its price target to $75 from $85 due to softness in CooperVision sales growth.

However, Stifel maintains a Buy rating with a $70 price target and predicts growth in CooperVision for fiscal year 2027, although this is below consensus estimates. Piper Sandler has also reiterated a Neutral rating with a $59 price target, taking into account potential strategic and governance changes within the company, while Needham has lowered its price target to $73 from $86 but maintains a Buy rating on the shares.