Charles Schwab Investment Management Inc. Buys 183,637 Shares of Coty Inc. (NYSE:COTY)

Charles Schwab Investment Management Inc. grew its stake in Coty Inc. (NYSE:COTY) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,085,017 shares of the company’s stock after purchasing an additional 183,637 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.35% of Coty worth $21,472,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its stake in shares of Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares in the last quarter. Allworth Financial LP increased its stake in shares of Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after acquiring an additional 3,877 shares in the last quarter. R Squared Ltd bought a new position in shares of Coty in the 4th quarter worth about $54,000. Finally, US Bancorp DE increased its stake in shares of Coty by 116.0% in the 4th quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after acquiring an additional 5,088 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

Coty Stock Performance

Shares of NYSE COTY opened at $5.56 on Thursday. The firm’s 50-day moving average price is $6.33 and its 200-day moving average price is $7.40. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.84 billion, a PE ratio of -555.50, a PEG ratio of 0.81 and a beta of 1.97. Coty Inc. has a 52-week low of $5.35 and a 52-week high of $12.31.

Coty (NYSE:COTY) last announced 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 net margin of 0.22% and a return on equity of 6.34%. As a group, analysts anticipate that Coty Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on COTY shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price target on shares of Coty in a research note on Wednesday, February 12th. Canaccord Genuity Group cut their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group cut their price objective on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley cut 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 Wednesday, February 12th. Finally, Stifel Nicolaus cut their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.89.

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.