M&T Bank Corp Boosts Stock Holdings in Coty Inc. (NYSE:COTY)

M&T Bank Corp lifted its stake in shares of Coty Inc. (NYSE:COTY) by 40.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,887 shares of the company’s stock after acquiring an additional 4,274 shares during the quarter. M&T Bank Corp’s holdings in Coty were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Banco Santander S.A. increased its position in shares of Coty by 0.3% during the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock worth $217,029,000 after acquiring an additional 79,180 shares during the period. State Street Corp increased its position in shares of Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after acquiring an additional 251,964 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Coty by 11.3% during the third quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after acquiring an additional 656,952 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Coty by 5.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after purchasing an additional 287,061 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Coty by 17.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company’s stock worth $21,815,000 after purchasing an additional 466,772 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

NYSE COTY opened at $5.51 on Friday. 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 $12.53. The business’s 50-day moving average price is $6.41 and its 200 day moving average price is $7.48. The firm has a market cap of $4.80 billion, a P/E ratio of -550.50, a P/E/G ratio of 0.81 and a beta of 1.97.

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 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%. On average, equities research analysts expect that Coty Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Canaccord Genuity Group lowered their target price on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley lowered their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Evercore ISI lowered their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered their target price on shares of Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their target price 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.89.

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.