FIL Ltd decreased its position in Coty Inc. (NYSE:COTY - Free Report) by 55.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,300,229 shares of the company's stock after selling 6,517,648 shares during the period. FIL Ltd owned approximately 0.61% of Coty worth $36,890,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. State Street Corp increased its position 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 acquiring an additional 251,964 shares during the period. Clearbridge Investments LLC lifted its holdings in Coty by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company's stock worth $68,379,000 after purchasing an additional 37,412 shares during the period. Thrivent Financial for Lutherans grew its position in Coty by 25.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock valued at $56,354,000 after buying an additional 1,646,839 shares in the last quarter. Norges Bank acquired a new position in Coty during the 4th quarter valued at about $44,401,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Coty by 5.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company's stock worth $41,270,000 after acquiring an additional 287,061 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on COTY. Stifel Nicolaus dropped their target price on Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their target price on Coty from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup raised shares of Coty from a "neutral" rating to a "buy" rating and upped their price target for the company from $7.00 to $8.00 in a report on Thursday, March 20th. Berenberg Bank initiated coverage on shares of Coty in a report on Tuesday, March 25th. They set a "buy" rating and a $7.50 target price for the company. Finally, Wells Fargo & Company dropped their price target on Coty from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.24.
View Our Latest Stock Report on COTY
Coty Stock Down 1.6 %
Shares of Coty stock traded down $0.08 during trading on Wednesday, hitting $4.68. 1,989,293 shares of the stock traded hands, compared to its average volume of 7,275,858. The company has a fifty day moving average price of $5.56 and a two-hundred day moving average price of $6.84. Coty Inc. has a twelve month low of $4.61 and a twelve month high of $11.81. The stock has a market cap of $4.08 billion, a P/E ratio of -467.50, a PEG ratio of 0.81 and a beta of 1.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71.
Coty (NYSE:COTY - Get Free Report) last posted 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%. Equities research analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal year.
Coty Company Profile
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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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