Legal & General Group Plc reduced its holdings in Coty Inc. (NYSE:COTY - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 737,193 shares of the company's stock after selling 119,504 shares during the period. Legal & General Group Plc owned about 0.08% of Coty worth $5,131,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can lifted its position in shares of Coty by 8.3% in the fourth quarter. Bank of Montreal Can now owns 61,237 shares of the company's stock worth $426,000 after purchasing an additional 4,716 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after buying an additional 2,601 shares during the period. Savoir Faire Capital Management L.P. lifted its position in Coty by 12.7% in the 4th quarter. Savoir Faire Capital Management L.P. now owns 286,567 shares of the company's stock worth $1,995,000 after buying an additional 32,212 shares in the last quarter. Trexquant Investment LP boosted its stake in shares of Coty by 224.9% during the 4th quarter. Trexquant Investment LP now owns 1,410,537 shares of the company's stock valued at $9,817,000 after buying an additional 976,370 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Coty by 13,101.7% during the 4th quarter. National Bank of Canada FI now owns 214,000 shares of the company's stock valued at $1,489,000 after acquiring an additional 212,379 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.
Coty Stock Performance
COTY traded up $0.11 during midday trading on Wednesday, reaching $4.93. The company's stock had a trading volume of 7,753,401 shares, compared to its average volume of 5,268,974. 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 company has a fifty day simple moving average of $5.41 and a 200 day simple moving average of $6.68. The stock has a market cap of $4.30 billion, a P/E ratio of -493.00, a PEG ratio of 0.81 and a beta of 1.75. Coty Inc. has a twelve month low of $4.56 and a twelve month high of $11.81.
Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings data 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%. Research analysts expect that Coty Inc. will post 0.39 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on COTY. Piper Sandler reduced their price objective on Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Bank of America lowered Coty from a "buy" rating to an "underperform" rating and reduced their price target for the company from $9.00 to $4.50 in a report on Tuesday, April 15th. Royal Bank of Canada restated an "outperform" rating and issued a $13.00 price objective on shares of Coty in a report on Wednesday, February 12th. Evercore ISI reduced their target price 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. Finally, Morgan Stanley dropped their price target on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Coty has an average rating of "Hold" and an average target price of $8.24.
Read Our Latest Research Report on Coty
Coty Company Profile
(
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.
Featured Stories
Before you consider Coty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coty wasn't on the list.
While Coty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
