National Bank of Canada FI raised its position in Coty Inc. (NYSE:COTY - Free Report) by 13,101.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,000 shares of the company's stock after purchasing an additional 212,379 shares during the quarter. National Bank of Canada FI's holdings in Coty were worth $1,489,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of COTY. Norges Bank purchased a new position in Coty in the 4th quarter worth about $44,401,000. Amundi raised its stake in shares of Coty by 1,990,624.9% during the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after acquiring an additional 4,478,906 shares in the last quarter. Caisse Des Depots ET Consignations bought a new position in Coty in the fourth quarter worth approximately $19,663,000. Thrivent Financial for Lutherans raised its position in Coty by 25.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock valued at $56,354,000 after purchasing an additional 1,646,839 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Coty by 147.1% during the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after buying an additional 693,961 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company's stock.
Coty Stock Performance
NYSE COTY traded up $0.05 during trading hours on Monday, hitting $5.25. 294,991 shares of the stock were exchanged, compared to its average volume of 5,169,867. The company has a market cap of $4.58 billion, a price-to-earnings ratio of -524.70, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The stock has a 50-day moving average of $5.63 and a 200 day moving average of $6.88. Coty Inc. has a 12-month low of $4.61 and a 12-month high of $11.81. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.
Coty (NYSE:COTY - Get Free Report) last released 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 net margin of 0.22% and a return on equity of 6.34%. As a group, equities research analysts forecast that Coty Inc. will post 0.39 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts recently commented on COTY shares. Canaccord Genuity Group reduced their price objective on shares of Coty from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Barclays decreased their price objective on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Friday. The Goldman Sachs Group cut their target price on Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada restated an "outperform" rating and issued a $13.00 price target on shares of Coty in a report on Wednesday, February 12th. Finally, DA Davidson reaffirmed a "buy" rating and set a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $9.06.
Get Our Latest Analysis on Coty
About Coty
(
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.
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