Invesco Ltd. Reduces Position in Coty Inc. (NYSE:COTY)

Invesco Ltd. decreased its holdings in Coty Inc. (NYSE:COTY - Free Report) by 76.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,367,983 shares of the company's stock after selling 4,463,094 shares during the period. Invesco Ltd. owned approximately 0.16% of Coty worth $9,521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its stake in Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after purchasing an additional 693,961 shares during the period. Virtu Financial LLC bought a new stake in Coty during the 3rd quarter valued at approximately $96,000. Tidal Investments LLC grew its holdings in shares of Coty by 26.6% during the 3rd quarter. Tidal Investments LLC now owns 201,398 shares of the company's stock worth $1,891,000 after acquiring an additional 42,295 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock valued at $6,981,000 after purchasing an additional 107,014 shares during the period. Finally, Oak Thistle LLC bought a new stake in shares of Coty during the fourth quarter valued at approximately $808,000. Institutional investors own 42.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on COTY shares. Piper Sandler lowered their target price on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Raymond James lowered shares of Coty from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 17th. Canaccord Genuity Group lowered their price target on Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Barclays cut their price objective on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Friday, April 11th. Finally, Stifel Nicolaus lowered their price objective on shares of Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $8.24.

Coty Stock Down 1.4 %

Shares of Coty stock traded down $0.07 during trading on Friday, hitting $4.97. 5,509,711 shares of the stock traded hands, compared to its average volume of 5,309,870. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The stock's fifty day simple moving average is $5.37 and its 200 day simple moving average is $6.60. The firm has a market cap of $4.33 billion, a P/E ratio of -497.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. Coty Inc. has a 52-week low of $4.56 and a 52-week high of $11.77.

Coty (NYSE:COTY - Get Free Report) last released its quarterly 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%. On average, equities analysts predict that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Coty 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.