Versor Investments LP Invests $457,000 in Coty Inc. (NYSE:COTY)

Versor Investments LP purchased a new position in Coty Inc. (NYSE:COTY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,600 shares of the company's stock, valued at approximately $457,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Banco Santander S.A. grew its holdings in shares of Coty by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company's stock valued at $217,029,000 after purchasing an additional 79,180 shares during the last quarter. State Street Corp boosted its position in Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company's stock valued at $103,696,000 after buying an additional 251,964 shares during the period. Thrivent Financial for Lutherans boosted its position in Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company's stock valued at $60,566,000 after buying an additional 656,952 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company's stock valued at $41,270,000 after buying an additional 287,061 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Coty by 8.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,039,384 shares of the company's stock valued at $21,154,000 after buying an additional 234,768 shares during the period. Institutional investors own 42.36% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays dropped their price target on shares of Coty from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Friday, January 17th. Wells Fargo & Company 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 report on Tuesday, January 7th. 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 report 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 report on Monday, February 24th. Finally, DA Davidson reissued a "buy" rating and set a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.89.

Coty Stock Down 0.3 %

NYSE COTY traded down $0.02 during trading hours on Thursday, reaching $5.69. 1,682,882 shares of the company's stock traded hands, compared to its average volume of 4,600,900. The firm has a market cap of $4.96 billion, a PE ratio of -568.50, a PEG ratio of 0.81 and a beta of 1.89. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. Coty Inc. has a 52-week low of $5.35 and a 52-week high of $12.99. The firm has a 50-day simple moving average of $6.59 and a 200 day simple moving average of $7.68.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share 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%. Sell-side analysts anticipate that Coty Inc. will post 0.39 EPS for the current fiscal year.

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.