Coty Inc. (NYSE:COTY) Stock Position Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of Coty Inc. (NYSE:COTY) by 8.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,039,384 shares of the company’s stock after purchasing an additional 234,768 shares during the period. Bank of New York Mellon Corp owned about 0.35% of Coty worth $21,154,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Coty by 2.3% in the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after acquiring an additional 251,964 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Coty by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after purchasing an additional 107,014 shares during the last quarter. Barclays PLC raised its stake in Coty by 147.1% during the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after purchasing an additional 693,961 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Coty during the 3rd quarter valued at $3,681,000. Finally, Thrivent Financial for Lutherans raised its stake in Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after purchasing an additional 656,952 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on COTY. Evercore ISI cut 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. DA Davidson reiterated a “buy” rating and set a $12.50 target price on shares of Coty in a research note on Thursday, February 6th. Morgan Stanley lowered their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Canaccord Genuity Group lowered their price target on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and lowered their price target for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.89.

Coty Stock Up 3.0 %

Shares of NYSE:COTY opened at $6.02 on Tuesday. Coty Inc. has a 12 month low of $5.35 and a 12 month high of $12.80. The company’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $7.58. 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 firm has a market cap of $5.25 billion, a P/E ratio of -602.30, a P/E/G ratio of 0.81 and a beta of 1.97.

Coty (NYSE:COTY) last released its 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, research analysts forecast that Coty Inc. will post 0.39 EPS for the current fiscal year.

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.