KLP Kapitalforvaltning AS Buys New Position in Coty Inc. (NYSE:COTY)

KLP Kapitalforvaltning AS purchased a new position in shares of Coty Inc. (NYSE:COTY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 80,200 shares of the company's stock, valued at approximately $558,000.

A number of other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its position in Coty by 2.3% in the third quarter. State Street Corp now owns 11,043,208 shares of the company's stock worth $103,696,000 after purchasing an additional 251,964 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock valued at $6,981,000 after buying an additional 107,014 shares during the period. Barclays PLC boosted its stake in Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company's stock valued at $10,947,000 after buying an additional 693,961 shares in the last quarter. Amundi grew its holdings in Coty by 1,990,624.9% during the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock worth $30,503,000 after acquiring an additional 4,478,906 shares during the period. Finally, TCW Group Inc. raised its position in Coty by 44.1% in the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company's stock worth $2,121,000 after acquiring an additional 93,229 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reduced their price objective on Coty from $8.50 to $8.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company reduced their price objective on shares of Coty from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Morgan Stanley reduced 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 report on Wednesday, February 12th. Canaccord Genuity Group cut their target price 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. Finally, DA Davidson reissued a "buy" rating and set a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.55.

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Coty Trading Down 2.9 %

NYSE:COTY traded down $0.15 during trading hours on Monday, hitting $4.90. The stock had a trading volume of 13,759,841 shares, compared to its average volume of 5,077,530. The business's 50 day moving average is $5.89 and its 200-day moving average is $7.04. The company has a market cap of $4.27 billion, a price-to-earnings ratio of -489.50, a P/E/G ratio of 0.81 and a beta of 1.75. Coty Inc. has a one year low of $4.72 and a one year high of $11.81. 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 released its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Sell-side analysts anticipate that Coty Inc. will post 0.39 EPS 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.