B. Metzler seel. Sohn & Co. Holding AG Acquires New Holdings in Coty Inc. (NYSE:COTY)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Coty Inc. (NYSE:COTY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 392,094 shares of the company's stock, valued at approximately $3,681,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Banco Santander S.A. increased its position in Coty by 0.3% in the 2nd quarter. Banco Santander S.A. now owns 23,033,578 shares of the company's stock worth $230,796,000 after purchasing an additional 80,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company's stock worth $94,068,000 after buying an additional 890,626 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company's stock worth $60,566,000 after acquiring an additional 656,952 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position 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 worth $52,984,000 after purchasing an additional 1,687,045 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in 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 buying an additional 4,954,362 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Coty from $11.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on Coty from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. Jefferies Financial Group decreased their target price on Coty from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Raymond James reduced their price objective on Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Finally, Barclays lowered shares of Coty from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $8.00 to $7.00 in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Coty presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.56.

Coty Stock Performance

Coty stock opened at $7.14 on Thursday. Coty Inc. has a 1 year low of $6.93 and a 1 year high of $13.30. The company's 50-day moving average is $8.31 and its two-hundred day moving average is $9.37. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.21 billion, a PE ratio of 41.97, a PEG ratio of 0.70 and a beta of 1.91.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. Coty's revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. Equities analysts anticipate that Coty Inc. will post 0.51 earnings per share for the current 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.