Coty Inc. (NYSE:COTY) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in Coty Inc. (NYSE:COTY) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 768,101 shares of the company’s stock after buying an additional 5,700 shares during the period. Swiss National Bank owned approximately 0.09% of Coty worth $5,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of COTY. State Street Corp lifted its holdings in shares of Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after buying an additional 251,964 shares during the period. JPMorgan Chase & Co. lifted its holdings in Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after acquiring an additional 107,014 shares during the period. Barclays PLC boosted its position in Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after purchasing an additional 693,961 shares in the last quarter. TCW Group Inc. grew its stake in shares of Coty by 44.1% during the 4th quarter. TCW Group Inc. now owns 304,797 shares of the company’s stock worth $2,121,000 after purchasing an additional 93,229 shares during the period. Finally, Amundi increased its holdings in shares of Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after purchasing an additional 4,478,906 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

COTY stock opened at $5.54 on Tuesday. Coty Inc. has a 1 year low of $5.35 and a 1 year high of $11.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The firm has a market capitalization of $4.83 billion, a PE ratio of -553.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. The business has a 50 day simple moving average of $6.26 and a 200-day simple moving average of $7.30.

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 the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Equities research analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COTY has been the topic of several analyst reports. Evercore ISI dropped their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Piper Sandler cut their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Barclays reduced their price target on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Citigroup upgraded Coty from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $7.00 to $8.00 in a research report on Thursday, March 20th. Finally, Canaccord Genuity Group decreased their target price on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Coty has an average rating of “Moderate Buy” and an average target price of $9.78.

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.