Larson Financial Group LLC Sells 93,666 Shares of Coty Inc. (NYSE:COTY)

Larson Financial Group LLC lessened its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 59.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,548 shares of the company's stock after selling 93,666 shares during the period. Larson Financial Group LLC's holdings in Coty were worth $442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company's stock valued at $52,984,000 after buying an additional 1,687,045 shares during the last quarter. 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 valued at $10,947,000 after buying an additional 693,961 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company's stock worth $60,566,000 after buying an additional 656,952 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Coty by 17.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company's stock worth $21,815,000 after buying an additional 466,772 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Coty in the fourth quarter valued at approximately $3,030,000. 42.36% of the stock is owned by institutional investors.

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Coty Price Performance

Shares of Coty stock traded down $0.11 on Wednesday, hitting $5.59. 3,223,925 shares of the company traded hands, compared to its average volume of 4,663,813. Coty Inc. has a 12-month low of $5.35 and a 12-month high of $12.80. The firm's 50-day simple moving average is $6.50 and its 200 day simple moving average is $7.55. The company has a market cap of $4.87 billion, a P/E ratio of -558.50, 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.

Coty (NYSE:COTY - Get Free Report) last issued its 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%. Analysts expect that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $13.00 target price on shares of Coty in a research note on Wednesday, February 12th. Piper Sandler reduced their target price on shares of Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Evercore ISI decreased their price target on shares of Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Barclays decreased their target price on Coty from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Friday, January 17th. Finally, Stifel Nicolaus dropped their price target on Coty from $8.50 to $8.00 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Coty presently has an average rating of "Moderate Buy" and a consensus target price of $9.89.

Coty Company 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.