Victory Capital Management Inc. Increases Stock Position in Coty Inc. (NYSE:COTY)

Victory Capital Management Inc. boosted its holdings in Coty Inc. (NYSE:COTY - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,134,276 shares of the company's stock after purchasing an additional 466,772 shares during the quarter. Victory Capital Management Inc. owned about 0.36% of Coty worth $21,815,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

COTY has been the subject of several recent research reports. 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. Barclays reduced their target price on shares of Coty from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Friday, January 17th. Piper Sandler dropped their price target on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group cut their price target on shares of Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Finally, 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 report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $9.89.

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Coty Price Performance

COTY stock opened at $5.69 on Wednesday. The company has a market capitalization of $4.96 billion, a PE ratio of -568.50, a P/E/G ratio of 0.81 and a beta of 1.97. The stock's 50 day moving average is $6.50 and its two-hundred day moving average is $7.55. 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 Inc. has a 52-week low of $5.35 and a 52-week high of $12.80.

Coty (NYSE:COTY - Get Free Report) last posted 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%. Analysts predict that Coty Inc. will post 0.39 earnings per share 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.

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