KLP Kapitalforvaltning AS Purchases Shares of 80,200 Coty Inc. (NYSE:COTY)

KLP Kapitalforvaltning AS bought a new position in shares of Coty Inc. (NYSE:COTY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 80,200 shares of the company’s stock, valued at approximately $558,000.

Several other hedge funds have also recently added to or reduced their stakes in COTY. Steward Partners Investment Advisory LLC increased its holdings in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after purchasing an additional 3,186 shares during the period. Allworth Financial LP increased its stake in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after buying an additional 3,328 shares during the period. Blue Trust Inc. raised its position in Coty by 124.8% during the 4th 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. R Squared Ltd acquired a new stake in shares of Coty in the 4th quarter worth $54,000. Finally, US Bancorp DE boosted its holdings in shares of Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company’s stock valued at $66,000 after acquiring an additional 5,088 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

Shares of COTY stock opened at $5.64 on Thursday. 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 12 month low of $5.35 and a 12 month high of $11.81. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of -564.00, a PEG ratio of 0.81 and a beta of 1.97. The stock has a 50-day moving average price of $6.04 and a 200 day moving average price of $7.15.

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 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%. Research analysts expect that Coty Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Canaccord Genuity Group decreased their price target on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada restated an “outperform” rating and set a $13.00 target price on shares of Coty in a research report on Wednesday, February 12th. Evercore ISI lowered their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. DA Davidson reiterated a “buy” rating and issued a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Finally, Barclays decreased their price objective on shares of Coty from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coty has a consensus rating of “Moderate Buy” and a consensus price target of $9.55.

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.