Edmond DE Rothschild Holding S.A. raised its holdings in shares of Coty Inc. (NYSE:COTY - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,522,401 shares of the company's stock after buying an additional 370,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.40% of Coty worth $24,447,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC grew its stake in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after buying an additional 3,186 shares in the last quarter. Allworth Financial LP increased its stake in Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after acquiring an additional 3,328 shares during the last quarter. Blue Trust Inc. raised its position in Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after purchasing an additional 3,877 shares in the last quarter. R Squared Ltd bought a new stake in Coty during the fourth quarter worth about $54,000. Finally, US Bancorp DE boosted its holdings in shares of Coty by 116.0% in the 4th quarter. US Bancorp DE now owns 9,473 shares of the company's stock worth $66,000 after purchasing an additional 5,088 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.
Coty Stock Down 4.7 %
COTY traded down $0.25 during trading on Friday, reaching $4.97. The stock had a trading volume of 3,253,933 shares, compared to its average volume of 5,020,859. Coty Inc. has a one year low of $4.77 and a one year high of $11.81. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of -494.50, a P/E/G ratio of 0.81 and a beta of 1.97. 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 50 day moving average is $5.99 and its two-hundred day moving average is $7.13.
Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (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, analysts expect that Coty Inc. will post 0.39 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on COTY. Piper Sandler decreased their price objective on Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. The Goldman Sachs Group lowered their price target on shares of Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Stifel Nicolaus lowered their target price on Coty from $8.50 to $8.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Canaccord Genuity Group reduced their price target on Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, Barclays dropped their price objective on Coty from $6.00 to $5.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.55.
Check Out Our Latest Stock 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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