Ameriprise Financial Inc. Boosts Stake in Coty Inc. (NYSE:COTY)

Ameriprise Financial Inc. raised its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 12.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,214,382 shares of the company's stock after buying an additional 2,175,120 shares during the period. Ameriprise Financial Inc. owned about 2.32% of Coty worth $140,691,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC grew its holdings in Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company's stock valued at $10,947,000 after purchasing an additional 693,961 shares during the period. Virtu Financial LLC purchased a new position in shares of Coty during the 3rd quarter valued at approximately $96,000. JPMorgan Chase & Co. grew its stake in Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock valued at $6,981,000 after acquiring an additional 107,014 shares during the period. Oak Thistle LLC acquired a new stake in Coty in the 4th quarter valued at $808,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Coty in the 4th quarter worth $267,000. Hedge funds and other institutional investors own 42.36% of the company's stock.

Coty Trading Up 0.4%

NYSE:COTY traded up $0.02 on Tuesday, hitting $5.03. The stock had a trading volume of 2,136,083 shares, compared to its average volume of 5,475,253. The company has a fifty day moving average price of $5.21 and a two-hundred day moving average price of $6.35. Coty Inc. has a 1-year low of $4.46 and a 1-year high of $11.41. 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 cap of $4.39 billion, a price-to-earnings ratio of -503.00, a PEG ratio of 0.81 and a beta of 1.90.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The business had revenue of $1.30 billion during 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 revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share. Equities research analysts expect that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COTY has been the topic of several research analyst reports. Piper Sandler dropped their target price on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their price target on shares of Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company reiterated a "positive" rating on shares of Coty in a report on Wednesday, April 16th. Barclays cut their price objective 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, Raymond James downgraded Coty from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Coty has a consensus rating of "Hold" and a consensus price target of $7.80.

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.