Coty Inc. (NYSE:COTY) Shares Acquired by Xponance Inc.

Xponance Inc. increased its position in shares of Coty Inc. (NYSE:COTY) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,345 shares of the company’s stock after acquiring an additional 3,371 shares during the period. Xponance Inc.’s holdings in Coty were worth $302,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COTY. Amundi grew its stake in shares of Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after purchasing an additional 4,478,906 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after buying an additional 1,646,839 shares during the last quarter. Barclays PLC increased its holdings in shares of Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after buying an additional 693,961 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Coty by 17.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company’s stock valued at $21,815,000 after acquiring an additional 466,772 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Coty during the 4th quarter worth $3,030,000. 42.36% of the stock is currently owned by institutional investors.

Coty Stock Up 1.4 %

Coty stock opened at $5.54 on Friday. The company has a market capitalization of $4.83 billion, a P/E ratio of -553.80, a P/E/G ratio of 0.81 and a beta of 1.97. Coty Inc. has a 1-year low of $5.35 and a 1-year high of $11.99. The firm’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $7.25. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last released its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Sell-side analysts forecast that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

COTY has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 target price on shares of Coty in a research report 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 for the company in a research note on Tuesday, February 11th. Berenberg Bank initiated coverage on shares of Coty in a research report on Tuesday. They issued a “buy” rating and a $7.50 target price on the stock. Evercore ISI reduced their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.61.

About Coty

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.