JPMorgan Chase & Co. Boosts Stock Holdings in Coty Inc. (NYSE:COTY)

JPMorgan Chase & Co. lifted its stake in Coty Inc. (NYSE:COTY - Free Report) by 16.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 743,445 shares of the company's stock after purchasing an additional 107,014 shares during the period. JPMorgan Chase & Co. owned 0.09% of Coty worth $6,981,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Banco Santander S.A. grew its holdings in Coty by 0.3% in the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company's stock worth $217,029,000 after purchasing an additional 79,180 shares during the period. State Street Corp increased its holdings in shares of Coty by 2.3% during the third 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company's stock valued at $94,068,000 after purchasing an additional 890,626 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company's stock valued at $60,566,000 after purchasing an additional 656,952 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company's stock worth $52,984,000 after buying an additional 1,687,045 shares during the last quarter. Institutional investors own 42.36% of the company's stock.

Coty Price Performance

Shares of NYSE COTY traded up $0.17 during midday trading on Wednesday, reaching $6.91. The stock had a trading volume of 7,159,379 shares, compared to its average volume of 5,305,453. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty Inc. has a 12-month low of $6.59 and a 12-month high of $13.30. The stock has a 50-day moving average of $7.22 and a 200-day moving average of $8.48. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 0.74 and a beta of 1.89.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. Coty's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. As a group, research analysts anticipate that Coty Inc. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on COTY. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Coty from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Raymond James dropped their price target on shares of Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group began coverage on shares of Coty in a report on Friday, December 13th. They set a "neutral" rating and a $9.00 price objective for the company. Finally, Citigroup dropped their target price on shares of Coty from $10.50 to $10.00 and set a "neutral" rating on the stock in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.29.

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.