Vanguard Group Inc. Lowers Stake in Coty Inc. (NYSE:COTY)

Vanguard Group Inc. cut its stake in Coty Inc. (NYSE:COTY) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,589,717 shares of the company’s stock after selling 45,412 shares during the quarter. Vanguard Group Inc. owned about 4.09% of Coty worth $247,704,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in COTY. Steward Partners Investment Advisory LLC increased its position in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after buying an additional 3,186 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after acquiring an additional 3,328 shares in the last quarter. Blue Trust Inc. raised its position in shares of Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after purchasing an additional 3,877 shares during the last quarter. R Squared Ltd acquired a new stake in Coty in the 4th quarter worth approximately $54,000. Finally, US Bancorp DE grew its position in Coty by 116.0% during the 4th quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after purchasing an additional 5,088 shares during the last quarter. 42.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays decreased their price target on shares of Coty from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. 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. Evercore ISI dropped their price target on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Citigroup upgraded Coty from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $7.00 to $8.00 in a research note on Thursday, March 20th. Finally, DA Davidson reiterated a “buy” rating and issued a $12.50 price target on shares of Coty in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Coty presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.55.

Coty Stock Down 3.6 %

Shares of COTY opened at $5.03 on Friday. The firm has a market cap of $4.38 billion, a P/E ratio of -502.50, a PEG ratio of 0.81 and a beta of 1.97. Coty Inc. has a 12 month low of $4.77 and a 12 month high of $11.81. The stock’s 50 day moving average is $5.95 and its two-hundred day moving average is $7.09. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Analysts predict that Coty Inc. will post 0.39 earnings per share for the current fiscal 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.