TCW Group Inc. Boosts Stock Holdings in Coty Inc. (NYSE:COTY)

TCW Group Inc. grew its holdings in Coty Inc. (NYSE:COTY - Free Report) by 44.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 304,797 shares of the company's stock after purchasing an additional 93,229 shares during the period. TCW Group Inc.'s holdings in Coty were worth $2,121,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in Coty by 2.3% in 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 last quarter. Barclays PLC lifted its stake in shares of Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock valued at $10,947,000 after acquiring an additional 693,961 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Coty by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock valued at $6,981,000 after acquiring an additional 107,014 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Coty during the 3rd quarter worth $3,681,000. Finally, Thrivent Financial for Lutherans grew its position in 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 during the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Wall Street Analyst Weigh In

COTY has been the subject of several research reports. DA Davidson reiterated a "buy" rating and issued a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. Morgan Stanley cut their target price on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group reduced their target price on shares of Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Finally, Canaccord Genuity Group reduced their price objective on shares of Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $9.89.

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Coty Stock Down 0.4 %

Shares of COTY stock traded down $0.03 on Friday, reaching $5.70. 11,574,521 shares of the company were exchanged, compared to its average volume of 7,397,567. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The company has a 50-day moving average of $6.70 and a 200-day moving average of $7.79. The company has a market cap of $4.97 billion, a price-to-earnings ratio of -569.50, a PEG ratio of 0.81 and a beta of 1.89. Coty Inc. has a one year low of $5.42 and a one year high of $12.99.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current 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.