Private Advisor Group LLC Lowers Stock Position in Coty Inc. (NYSE:COTY)

Private Advisor Group LLC cut its position in Coty Inc. (NYSE:COTY - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,177 shares of the company's stock after selling 62,989 shares during the period. Private Advisor Group LLC's holdings in Coty were worth $161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COTY. State of Alaska Department of Revenue lifted its position in shares of Coty by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company's stock worth $397,000 after purchasing an additional 1,545 shares in the last quarter. M&G PLC lifted its position in shares of Coty by 4.7% during the third quarter. M&G PLC now owns 533,731 shares of the company's stock worth $4,804,000 after purchasing an additional 24,037 shares in the last quarter. Atria Investments Inc lifted its position 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 in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Coty by 12.8% during the third 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, Entropy Technologies LP acquired a new position in shares of Coty during the third quarter worth approximately $413,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI dropped their price target 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. Stifel Nicolaus dropped their price target on shares of Coty from $8.50 to $8.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Canaccord Genuity Group dropped their price target 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. Piper Sandler dropped their price target on shares of Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Finally, Morgan Stanley dropped their price target on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. One equities research analyst has 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 MarketBeat, Coty currently has an average rating of "Moderate Buy" and an average price target of $9.89.

Coty Stock Performance

COTY traded up $0.10 during trading on Friday, hitting $5.86. 4,933,917 shares of the company traded hands, compared to its average volume of 4,631,687. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market cap of $5.11 billion, a P/E ratio of -585.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. Coty Inc. has a one year low of $5.35 and a one year high of $12.80. The stock's fifty day moving average is $6.54 and its 200 day moving average is $7.62.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results 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 return on equity of 6.34% and a net margin of 0.22%. As a group, equities analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal 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.