Barclays PLC Buys 120,805 Shares of Coty Inc. (NYSE:COTY)

Barclays PLC raised its stake in Coty Inc. (NYSE:COTY - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,286,611 shares of the company's stock after acquiring an additional 120,805 shares during the period. Barclays PLC owned 0.15% of Coty worth $8,954,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Coty by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock worth $6,981,000 after acquiring an additional 107,014 shares during the period. Amundi boosted 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 worth $30,503,000 after purchasing an additional 4,478,906 shares in the last quarter. TCW Group Inc. increased its position in Coty by 44.1% in the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company's stock worth $2,121,000 after purchasing an additional 93,229 shares during the period. Entropy Technologies LP increased its stake in shares of Coty by 137.4% in the 4th quarter. Entropy Technologies LP now owns 104,349 shares of the company's stock valued at $726,000 after acquiring an additional 60,400 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Coty by 8.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,039,384 shares of the company's stock worth $21,154,000 after purchasing an additional 234,768 shares during the period. Institutional investors own 42.36% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on COTY. Bank of America lowered shares of Coty from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $9.00 to $4.50 in a research report on Tuesday, April 15th. The Goldman Sachs Group cut their target price on shares of Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $13.00 price target on shares of Coty in a research note on Wednesday, February 12th. Canaccord Genuity Group dropped their price target on shares of Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, Piper Sandler lowered their target price on Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $8.24.

Coty Price Performance

Shares of NYSE:COTY traded up $0.02 on Tuesday, hitting $5.00. The company had a trading volume of 459,038 shares, compared to its average volume of 5,293,383. The company has a market cap of $4.36 billion, a PE ratio of -499.50, a PEG ratio of 0.81 and a beta of 1.75. 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 52-week low of $4.56 and a 52-week high of $11.77. The business has a 50 day moving average of $5.36 and a 200 day moving average of $6.55.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.11 EPS 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 analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

About Coty

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.