Coty Inc. (NYSE:COTY) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its holdings in Coty Inc. (NYSE:COTY - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,945,713 shares of the company's stock after selling 55,431 shares during the period. Deutsche Bank AG owned about 0.45% of Coty worth $27,462,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in COTY. Retirement Systems of Alabama grew its holdings in Coty by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock valued at $3,092,000 after buying an additional 1,472 shares in the last quarter. Stephens Inc. AR grew its holdings in Coty by 12.0% during the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock valued at $108,000 after buying an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Coty by 16.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock valued at $94,000 after buying an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Coty by 26.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock valued at $69,000 after buying an additional 2,110 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after buying an additional 2,601 shares in the last quarter. Institutional investors own 42.36% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup lowered their target price on Coty from $8.00 to $6.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus lowered their target price on Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research report on Thursday, April 10th. Berenberg Bank assumed coverage on Coty in a research report on Tuesday, March 25th. They set a "buy" rating and a $7.50 target price for the company. Royal Bank of Canada lowered their target price on Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, DA Davidson reiterated a "buy" rating and set a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Coty currently has a consensus rating of "Hold" and a consensus target price of $7.80.

Coty Price Performance

COTY traded up $0.02 during trading on Friday, reaching $5.05. 4,854,797 shares of the stock were exchanged, compared to its average volume of 5,555,421. The business's 50 day moving average price is $5.15 and its two-hundred day moving average price is $6.29. 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 company has a market capitalization of $4.40 billion, a price-to-earnings ratio of -505.00, a P/E/G 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 $10.80.

Coty (NYSE:COTY - Get Free Report) last posted 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). 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 analysts' expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current 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.