Handelsbanken Fonder AB Sells 4,000 Shares of Coty Inc. (NYSE:COTY)

Handelsbanken Fonder AB trimmed its stake in Coty Inc. (NYSE:COTY) by 3.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 109,900 shares of the company’s stock after selling 4,000 shares during the period. Handelsbanken Fonder AB’s holdings in Coty were worth $765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after buying an additional 2,385 shares during the period. Allworth Financial LP raised its stake in shares of Coty by 145.0% in 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 during the period. R Squared Ltd purchased a new stake in shares of Coty in the fourth quarter valued at $54,000. Truist Financial Corp bought a new stake in shares of Coty in the 4th quarter worth about $71,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Coty during the 4th quarter worth about $74,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Down 0.4 %

Coty stock opened at $5.70 on Friday. Coty Inc. has a twelve month low of $5.42 and a twelve month high of $12.99. The business has a fifty day moving average of $6.70 and a two-hundred day moving average of $7.79. The firm has a market cap of $4.97 billion, a P/E ratio of -569.50, a P/E/G ratio of 0.81 and a beta of 1.89. 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 (NYSE:COTY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share 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%. On average, analysts forecast that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

COTY has been the topic of a number of recent analyst reports. Canaccord Genuity Group reduced 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. Morgan Stanley reduced their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Barclays dropped their price objective on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. TD Cowen lowered Coty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus reduced their target price on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research note 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 data from MarketBeat.com, Coty has an average rating of “Moderate Buy” and an average target price of $9.89.

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.