Coty Inc. (NYSE:COTY) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Coty Inc. (NYSE:COTY) by 0.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,589,717 shares of the company’s stock after selling 45,412 shares during the quarter. Vanguard Group Inc.’s holdings in Coty were worth $247,704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its stake in Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after buying an additional 3,186 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares during the period. Blue Trust Inc. boosted its position in shares of Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after acquiring an additional 3,877 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Coty in the fourth quarter valued at about $54,000. Finally, US Bancorp DE increased its position in Coty by 116.0% during the fourth 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 hedge funds and other institutional investors.

Coty Stock Performance

Shares of COTY stock opened at $5.03 on Friday. Coty Inc. has a 52 week low of $4.77 and a 52 week high of $11.81. The firm has a 50 day moving average of $5.95 and a two-hundred day moving average of $7.09. 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 stock has a market capitalization of $4.38 billion, a PE ratio of -502.50, 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%. On average, research analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

COTY has been the topic of several recent analyst reports. Berenberg Bank initiated coverage on shares of Coty in a report on Tuesday, March 25th. They issued a “buy” rating and a $7.50 target price on the stock. Canaccord Genuity Group decreased their price objective on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada restated an “outperform” rating and issued a $13.00 target price on shares of Coty in a research report on Wednesday, February 12th. Piper Sandler lowered their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Finally, Evercore ISI reduced their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Coty presently has an average rating of “Moderate Buy” and a consensus price target of $9.55.

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.