Coty Inc. (NYSE:COTY) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its holdings in shares of Coty Inc. (NYSE:COTY - Free Report) by 39.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,711 shares of the company's stock after selling 275,512 shares during the period. Alliancebernstein L.P.'s holdings in Coty were worth $2,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of COTY. Edmond DE Rothschild Holding S.A. raised its position in shares of Coty by 11.7% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 3,522,401 shares of the company's stock worth $24,447,000 after purchasing an additional 370,000 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Coty by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company's stock worth $68,379,000 after buying an additional 37,412 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Coty during the fourth quarter valued at approximately $144,000. Norges Bank purchased a new position in Coty in the 4th quarter worth approximately $44,401,000. Finally, Caisse Des Depots ET Consignations purchased a new stake in Coty during the 4th quarter valued at $19,663,000. Hedge funds and other institutional investors own 42.36% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on COTY. Raymond James cut shares of Coty from an "outperform" rating to a "market perform" rating in a research note on Thursday. Piper Sandler lowered their price objective on Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Evercore ISI reduced their target price on shares of Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. BNP Paribas lowered Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price target for the company. in a research note on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $13.00 price objective on shares of Coty in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Coty presently has a consensus rating of "Hold" and a consensus target price of $8.24.

Coty Stock Up 1.2 %

Shares of COTY stock traded up $0.06 during mid-day trading on Friday, hitting $4.73. 8,759,026 shares of the stock traded hands, compared to its average volume of 5,273,034. The stock's fifty day moving average is $5.45 and its two-hundred day moving average is $6.73. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. Coty Inc. has a 52-week low of $4.56 and a 52-week high of $11.81. The stock has a market cap of $4.12 billion, a P/E ratio of -472.50, a P/E/G ratio of 0.81 and a beta of 1.75.

Coty (NYSE:COTY - Get Free Report) last posted 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 return on equity of 6.34% and a net margin of 0.22%. Equities analysts predict that Coty Inc. will post 0.39 EPS for the current 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.