Man Group plc Makes New Investment in Coty Inc. (NYSE:COTY)

Man Group plc bought a new stake in Coty Inc. (NYSE:COTY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,090,941 shares of the company's stock, valued at approximately $28,473,000. Man Group plc owned 0.47% of Coty as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama grew its holdings in Coty by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock valued at $3,092,000 after buying an additional 1,472 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock valued at $108,000 after purchasing an additional 1,672 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Coty by 16.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock valued at $94,000 after purchasing an additional 1,893 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Coty by 26.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock worth $69,000 after acquiring an additional 2,110 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after acquiring an additional 2,601 shares during the last quarter. Institutional investors own 42.36% of the company's stock.

Wall Street Analysts Forecast Growth

COTY has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Bank of America lowered Coty from a "buy" rating to an "underperform" rating and cut their price objective for the company from $9.00 to $4.50 in a report on Tuesday, April 15th. Evercore ISI lowered their target price on Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Piper Sandler lowered their target price on Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Finally, Royal Bank of Canada reduced their target price on Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.80.

Coty Stock Down 0.6%

NYSE:COTY traded down $0.03 during midday trading on Monday, reaching $5.02. The company had a trading volume of 6,333,424 shares, compared to its average volume of 5,558,533. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of -502.00, a PEG ratio of 0.81 and a beta of 1.90. The stock's fifty day simple moving average is $5.14 and its 200-day simple moving average is $6.26. Coty Inc. has a 12-month low of $4.46 and a 12-month high of $10.80. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. Coty had a return on equity of 6.34% and a net margin of 0.22%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. On average, sell-side analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

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.