Natixis Advisors LLC Purchases 321,221 Shares of Coty Inc. (NYSE:COTY)

Natixis Advisors LLC increased its position in shares of Coty Inc. (NYSE:COTY - Free Report) by 30.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,388,226 shares of the company's stock after buying an additional 321,221 shares during the period. Natixis Advisors LLC owned 0.16% of Coty worth $13,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in COTY. MQS Management LLC boosted its holdings in shares of Coty by 60.4% during the third quarter. MQS Management LLC now owns 26,694 shares of the company's stock worth $251,000 after acquiring an additional 10,054 shares during the period. Aigen Investment Management LP bought a new position in Coty during the third quarter worth about $681,000. Entropy Technologies LP bought a new position in Coty during the third quarter worth about $413,000. State of New Jersey Common Pension Fund D grew its position in shares of Coty by 12.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 205,339 shares of the company's stock worth $1,928,000 after purchasing an additional 23,358 shares in the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Coty by 19.3% during the third quarter. Atria Investments Inc now owns 18,650 shares of the company's stock worth $175,000 after purchasing an additional 3,022 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Stock Performance

Shares of Coty stock opened at $7.14 on Thursday. The business has a 50-day moving average price of $8.28 and a two-hundred day moving average price of $9.35. Coty Inc. has a 1-year low of $6.93 and a 1-year high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.21 billion, a P/E ratio of 41.97, a PEG ratio of 0.70 and a beta of 1.91.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, analysts anticipate that Coty Inc. will post 0.51 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on COTY. Citigroup reduced their price target on Coty from $10.50 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. Barclays downgraded Coty from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $8.00 to $7.00 in a research note on Thursday, November 7th. TD Cowen downgraded shares of Coty from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. DA Davidson dropped their target price on shares of Coty from $14.50 to $12.50 and set a "buy" rating for the company in a research report on Monday, November 11th. Finally, Evercore ISI reiterated an "outperform" rating and set a $15.00 price target on shares of Coty in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $11.56.

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.