Coty Inc. (NYSE:COTY) Shares Purchased by KBC Group NV

KBC Group NV boosted its stake in Coty Inc. (NYSE:COTY) by 38.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,890 shares of the company’s stock after acquiring an additional 4,718 shares during the quarter. KBC Group NV’s holdings in Coty were worth $118,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of Coty by 124.8% in 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. Kingswood Wealth Advisors LLC bought a new stake in shares of Coty in the 4th quarter valued at approximately $74,000. PFG Investments LLC acquired a new stake in shares of Coty during the 4th quarter valued at approximately $75,000. Janney Montgomery Scott LLC bought a new position in Coty during the fourth quarter worth $267,000. Finally, Oak Thistle LLC bought a new position in Coty during the fourth quarter worth $808,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Stock Down 1.5 %

COTY stock opened at $6.75 on Friday. The firm has a 50 day simple moving average of $7.19 and a 200 day simple moving average of $8.18. The firm has a market cap of $5.87 billion, a PE ratio of 39.68, a P/E/G ratio of 0.78 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. Coty Inc. has a 12 month low of $6.59 and a 12 month high of $13.30.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts forecast that Coty Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on COTY shares. Raymond James dropped their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus reduced their price objective on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. The Goldman Sachs Group began coverage on shares of Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 price objective on the stock. TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and reduced their target price for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. Finally, Citigroup dropped their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Coty presently has an average rating of “Moderate Buy” and an average target price of $11.24.

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.