Private Advisor Group LLC Lowers Position in Coty Inc. (NYSE:COTY)

Private Advisor Group LLC lessened its stake in Coty Inc. (NYSE:COTY) by 73.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,177 shares of the company’s stock after selling 62,989 shares during the period. Private Advisor Group LLC’s holdings in Coty were worth $161,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State Street Corp boosted its position in Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after purchasing an additional 251,964 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Coty by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock worth $6,981,000 after buying an additional 107,014 shares during the period. Barclays PLC raised its stake in shares of Coty by 147.1% during the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after buying an additional 693,961 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Coty during the 3rd quarter worth approximately $3,681,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after buying an additional 656,952 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COTY. Piper Sandler reduced their target price on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Canaccord Genuity Group reduced their target price on Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 target price on shares of Coty in a research note on Wednesday, February 12th. Morgan Stanley reduced their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.89.

Coty Stock Up 1.6 %

Shares of COTY opened at $5.86 on Friday. Coty Inc. has a 52-week low of $5.35 and a 52-week high of $12.99. The company has a market capitalization of $5.11 billion, a PE ratio of -585.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.89. The stock has a fifty day simple moving average of $6.54 and a two-hundred day simple moving average of $7.64. 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 (NYSE:COTY) last issued its 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%. As a group, equities analysts forecast that Coty Inc. will post 0.39 EPS for the current year.

Coty Company 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.