Northern Trust Corp Has $21.33 Million Holdings in Coty Inc. (NYSE:COTY)

Northern Trust Corp raised its holdings in Coty Inc. (NYSE:COTY - Free Report) by 18.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,064,551 shares of the company's stock after buying an additional 477,626 shares during the quarter. Northern Trust Corp owned 0.35% of Coty worth $21,329,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after buying an additional 3,186 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after purchasing an additional 3,328 shares in the last quarter. Blue Trust Inc. increased its position in shares of Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after purchasing an additional 3,877 shares during the period. Quadrant Capital Group LLC increased its position in shares of Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after purchasing an additional 2,601 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Coty in the fourth quarter valued at $54,000. 42.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COTY has been the topic of a number of recent research reports. DA Davidson reiterated a "buy" rating and set a $12.50 price target on shares of Coty in a research note on Thursday, February 6th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $5.00 price objective (down from $8.00) on shares of Coty in a report on Thursday, May 8th. Raymond James lowered shares of Coty from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 17th. Piper Sandler dropped their price target on shares of Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Finally, Morgan Stanley cut their price target on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Coty has an average rating of "Hold" and an average target price of $7.80.

Coty Trading Up 0.4%

Shares of Coty stock traded up $0.02 during trading on Friday, hitting $5.05. 4,854,797 shares of the company were exchanged, compared to its average volume of 5,535,565. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The firm has a market capitalization of $4.40 billion, a P/E ratio of -505.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. The firm's fifty day moving average price is $5.16 and its 200 day moving average price is $6.31. Coty Inc. has a 1-year low of $4.46 and a 1-year high of $11.01.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Coty had a return on equity of 6.34% and a net margin of 0.22%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $0.05 EPS. The firm's revenue was down 6.2% compared to the same quarter last year. As a group, sell-side analysts expect 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.