Natixis Advisors LLC cut its stake in Coty Inc. (NYSE:COTY - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,252,423 shares of the company's stock after selling 135,803 shares during the quarter. Natixis Advisors LLC owned approximately 0.14% of Coty worth $8,717,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of COTY. Steward Partners Investment Advisory LLC grew its stake in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after acquiring an additional 3,186 shares in the last quarter. Allworth Financial LP grew its position in shares of Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after purchasing an additional 3,328 shares in the last quarter. Blue Trust Inc. increased its holdings 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 purchasing an additional 3,877 shares during the period. R Squared Ltd acquired a new stake in shares of Coty in the fourth quarter valued at approximately $54,000. Finally, US Bancorp DE boosted its stake in shares of Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company's stock valued at $66,000 after buying an additional 5,088 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.
Analyst Ratings Changes
COTY has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group dropped their price target on Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Stifel Nicolaus reduced their price objective on shares of Coty from $8.50 to $8.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. DA Davidson restated a "buy" rating and issued a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 price target on shares of Coty in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.66.
Check Out Our Latest Analysis on Coty
Coty Trading Down 0.9 %
Coty stock traded down $0.05 during trading hours on Tuesday, hitting $5.49. The stock had a trading volume of 6,629,305 shares, compared to its average volume of 4,762,421. The business's 50 day simple moving average is $6.26 and its 200-day simple moving average is $7.30. Coty Inc. has a one year low of $5.35 and a one year high of $11.99. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of -549.00, a P/E/G ratio of 0.81 and a beta of 1.97. 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 issued its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (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%. On average, equities analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal year.
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.
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