Mitsubishi UFJ Asset Management Co. Ltd. Raises Holdings in Coty Inc. (NYSE:COTY)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Coty Inc. (NYSE:COTY - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 993,078 shares of the company's stock after acquiring an additional 59,568 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.11% of Coty worth $6,763,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Steward Partners Investment Advisory LLC raised its position in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after purchasing an additional 3,186 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after buying an additional 3,328 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock worth $49,000 after buying an additional 3,877 shares during the period. R Squared Ltd acquired a new stake in shares of Coty during the fourth quarter worth about $54,000. Finally, US Bancorp DE grew its holdings in shares of Coty by 116.0% during the fourth quarter. US Bancorp DE now owns 9,473 shares of the company's stock worth $66,000 after buying an additional 5,088 shares during the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on COTY. DA Davidson reaffirmed a "buy" rating and set a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Wells Fargo & Company cut their price target on Coty from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Wednesday. Evercore ISI lowered their price objective on shares of Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada restated an "outperform" rating and set a $13.00 price objective on shares of Coty in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group lowered their target price on shares of Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.55.

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Coty Price Performance

Shares of NYSE:COTY traded down $0.19 during trading on Friday, hitting $5.03. 9,175,533 shares of the stock were exchanged, compared to its average volume of 5,042,801. The company has a market cap of $4.38 billion, a PE ratio of -502.50, 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. The company has a fifty day moving average price of $5.95 and a two-hundred day moving average price of $7.09. Coty Inc. has a 12-month low of $4.77 and a 12-month high of $11.81.

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 analysts' consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, analysts forecast that Coty Inc. will post 0.39 EPS for the current year.

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.