Coty Inc. (NYSE:COTY) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its holdings in Coty Inc. (NYSE:COTY) by 18.5% during the fourth quarter, Holdings Channel reports. The firm owned 3,064,551 shares of the company’s stock after purchasing an additional 477,626 shares during the period. Northern Trust Corp’s holdings in Coty were worth $21,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of Coty by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after acquiring an additional 1,569,315 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Coty by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock worth $68,379,000 after purchasing an additional 37,412 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Coty by 25.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after purchasing an additional 1,646,839 shares during the last quarter. Norges Bank acquired a new position in shares of Coty in the 4th quarter valued at $44,401,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Coty by 5.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after purchasing an additional 287,061 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Up 6.9%

COTY stock opened at $5.02 on Tuesday. The firm has a market cap of $4.37 billion, a PE ratio of -501.50, a PEG ratio of 0.81 and a beta of 1.90. Coty Inc. has a 1 year low of $4.46 and a 1 year high of $11.41. The company has a fifty day simple moving average of $5.21 and a 200 day simple moving average of $6.35. 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Coty had a return on equity of 6.34% and a net margin of 0.22%. Coty’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. Sell-side analysts anticipate that Coty Inc. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COTY has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Coty from $8.00 to $6.50 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Bank of America downgraded Coty from a “buy” rating to an “underperform” rating and dropped their target price for the company from $9.00 to $4.50 in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on shares of Coty from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Finally, Berenberg Bank initiated coverage on shares of Coty in a research report on Tuesday, March 25th. They issued a “buy” rating and a $7.50 target price for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.80.

About Coty

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.