Deutsche Bank AG Reduces Holdings in Coty Inc. (NYSE:COTY)

Deutsche Bank AG reduced its stake in Coty Inc. (NYSE:COTY - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,945,713 shares of the company's stock after selling 55,431 shares during the period. Deutsche Bank AG owned approximately 0.45% of Coty worth $27,462,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in Coty by 12.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock valued at $140,691,000 after purchasing an additional 2,175,120 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Coty by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company's stock valued at $92,697,000 after acquiring an additional 1,569,315 shares during the last quarter. Clearbridge Investments LLC raised its position in Coty by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company's stock valued at $68,379,000 after purchasing an additional 37,412 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Coty by 25.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock worth $56,354,000 after purchasing an additional 1,646,839 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Coty during the 4th quarter valued at about $44,401,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on COTY shares. Barclays lowered their price target on shares of Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company reissued a "positive" rating on shares of Coty in a research note on Wednesday, April 16th. The Goldman Sachs Group cut their price objective on Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Royal Bank of Canada reduced their price objective on shares of Coty from $13.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, DA Davidson reaffirmed a "buy" rating and set a $12.50 target price on shares of Coty in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $7.80.

Coty Stock Performance

NYSE:COTY traded up $0.13 during mid-day trading on Tuesday, hitting $5.16. 1,267,282 shares of the company traded hands, compared to its average volume of 5,542,084. The stock's fifty day moving average price is $5.14 and its 200-day moving average price is $6.26. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -515.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. Coty Inc. has a one year low of $4.46 and a one year high of $10.80.

Coty (NYSE:COTY - Get Free Report) last posted its earnings results 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 net margin of 0.22% and a return on equity of 6.34%. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the previous year, the business posted $0.05 earnings per share. The business's revenue was down 6.2% on a year-over-year basis. 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.