Raymond James Financial Inc. acquired a new position in shares of Coty Inc. (NYSE:COTY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 435,290 shares of the company's stock, valued at approximately $3,030,000. Raymond James Financial Inc. owned about 0.05% of Coty at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its position in shares of Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after purchasing an additional 3,186 shares during the last quarter. Allworth Financial LP lifted its stake in 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 period. Blue Trust Inc. boosted its holdings in 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 last quarter. R Squared Ltd acquired a new position in shares of Coty during the 4th quarter worth about $54,000. Finally, US Bancorp DE raised its position in shares of Coty by 116.0% in the 4th quarter. US Bancorp DE now owns 9,473 shares of the company's stock valued at $66,000 after acquiring an additional 5,088 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.
Coty Stock Performance
Coty stock traded up $0.12 during midday trading on Wednesday, reaching $5.64. 4,550,850 shares of the company's stock were exchanged, compared to its average volume of 5,020,752. The stock's 50-day simple moving average is $6.04 and its 200 day simple moving average is $7.15. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of -564.00, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. Coty Inc. has a 52 week low of $5.35 and a 52 week high of $11.81.
Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings data 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 expect that Coty Inc. will post 0.39 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on COTY. Wells Fargo & Company decreased their price objective on shares of Coty from $7.00 to $6.00 and set an "equal weight" rating for the company in a report on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 price objective on shares of Coty in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their target price on Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Barclays dropped their price target on Coty from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Finally, Evercore ISI cut their price objective on Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.55.
Check Out Our Latest Research Report 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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