D. E. Shaw & Co. Inc. Acquires Shares of 1,865,023 Coty Inc. (NYSE:COTY)

D. E. Shaw & Co. Inc. purchased a new position in Coty Inc. (NYSE:COTY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,865,023 shares of the company's stock, valued at approximately $12,981,000. D. E. Shaw & Co. Inc. owned 0.21% of Coty as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Coty during the 4th quarter valued at $44,401,000. Amundi increased its stake in Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after purchasing an additional 4,478,906 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of Coty during the fourth quarter valued at about $19,663,000. Ameriprise Financial Inc. boosted its position in shares of Coty by 12.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock worth $140,691,000 after purchasing an additional 2,175,120 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Coty by 25.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock worth $56,354,000 after purchasing an additional 1,646,839 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on COTY shares. Morgan Stanley dropped their price objective on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group cut their price target on Coty from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a report on Wednesday, April 16th. Barclays dropped their price target on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Friday, April 11th. Finally, Canaccord Genuity Group restated a "hold" rating and set a $5.00 price target (down from $8.00) on shares of Coty in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Coty currently has an average rating of "Hold" and a consensus price target of $7.80.

Coty Price Performance

NYSE COTY traded down $0.04 during trading hours on Monday, reaching $5.02. The company's stock had a trading volume of 986,075 shares, compared to its average volume of 7,377,964. The company's 50-day moving average is $5.15 and its two-hundred day moving average is $6.28. Coty Inc. has a fifty-two week low of $4.46 and a fifty-two week high of $10.80. The stock 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. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. The company's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. Analysts forecast that Coty Inc. will post 0.39 EPS for the current 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.