Coty Inc. (NYSE:COTY) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC boosted its holdings in Coty Inc. (NYSE:COTY - Free Report) by 250.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,645 shares of the company's stock after acquiring an additional 132,637 shares during the quarter. Voya Investment Management LLC's holdings in Coty were worth $1,292,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COTY. Jump Financial LLC purchased a new stake in shares of Coty during the 4th quarter valued at about $873,000. JPMorgan Chase & Co. increased its holdings 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 last quarter. Barclays PLC raised its holdings in shares of Coty by 147.1% during the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after acquiring an additional 693,961 shares in the last quarter. Amundi lifted its position in Coty by 1,990,624.9% during 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 during the last quarter. Finally, TCW Group Inc. grew its position in Coty by 44.1% in the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company's stock worth $2,121,000 after acquiring an additional 93,229 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Evercore ISI cut their price target on shares of Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Piper Sandler cut their price objective on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Bank of America downgraded Coty from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $9.00 to $4.50 in a research report on Tuesday, April 15th. Stifel Nicolaus cut their price target on shares of Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Morgan Stanley cut their price objective on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Coty has an average rating of "Hold" and a consensus target price of $7.80.

Coty Price Performance

Coty stock traded up $0.26 during trading on Thursday, reaching $4.83. The company had a trading volume of 11,128,730 shares, compared to its average volume of 5,432,894. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The firm's 50-day simple moving average is $5.25 and its 200 day simple moving average is $6.42. The firm has a market capitalization of $4.21 billion, a PE ratio of -482.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. Coty Inc. has a 1-year low of $4.46 and a 1-year high of $11.41.

Coty (NYSE:COTY - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The company 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 revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. As a group, equities research analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

About Coty

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.