Caisse Des Depots ET Consignations purchased a new position in shares of Coty Inc. (NYSE:COTY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,873,869 shares of the company's stock, valued at approximately $19,663,000. Coty comprises approximately 1.0% of Caisse Des Depots ET Consignations' portfolio, making the stock its 15th largest position. Caisse Des Depots ET Consignations owned about 0.33% of Coty at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its position in Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company's stock valued at $103,696,000 after purchasing an additional 251,964 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Coty by 25.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock valued at $56,354,000 after acquiring an additional 1,646,839 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company's stock valued at $41,270,000 after acquiring an additional 287,061 shares during the last quarter. Amundi lifted its stake in Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after buying an additional 4,478,906 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Coty by 17.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company's stock worth $21,815,000 after acquiring an additional 466,772 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.
Coty Price Performance
Shares of NYSE:COTY traded down $0.02 during midday trading on Monday, hitting $5.44. The stock had a trading volume of 1,841,982 shares, compared to its average volume of 4,996,409. The company's 50-day moving average price is $6.14 and its 200-day moving average price is $7.21. Coty Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $11.91. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4.74 billion, a P/E ratio of -543.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97.
Coty (NYSE:COTY - Get Free Report) last released its earnings results 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 return on equity of 6.34% and a net margin of 0.22%. As a group, equities research analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal year.
Wall Street Analyst Weigh In
COTY has been the subject of a number of research analyst reports. DA Davidson reissued a "buy" rating and issued a $12.50 target price on shares of Coty in a research note on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and set a $13.00 price target on shares of Coty in a research report on Wednesday, February 12th. Stifel Nicolaus decreased their target price on shares of Coty from $8.50 to $8.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Piper Sandler reduced their price target on Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, Evercore ISI reduced their target price on Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Coty currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.61.
Check Out Our Latest Research Report on COTY
About Coty
(
Free Report)
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.
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