Dimensional Fund Advisors LP increased its holdings in shares of Coty Inc. (NYSE:COTY - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,318,685 shares of the company's stock after buying an additional 1,569,315 shares during the period. Dimensional Fund Advisors LP owned about 1.53% of Coty worth $92,697,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. First Trust Advisors LP grew its stake in shares of Coty by 36.2% in the fourth quarter. First Trust Advisors LP now owns 539,792 shares of the company's stock worth $3,757,000 after purchasing an additional 143,571 shares during the last quarter. Farringdon Capital Ltd. bought a new stake in shares of Coty in the 4th quarter valued at about $250,000. Jump Financial LLC acquired a new stake in shares of Coty in the fourth quarter valued at about $873,000. Barclays PLC raised its position in shares of Coty by 10.4% during the fourth quarter. Barclays PLC now owns 1,286,611 shares of the company's stock worth $8,954,000 after acquiring an additional 120,805 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Coty by 52.7% in the fourth quarter. Sterling Capital Management LLC now owns 22,865 shares of the company's stock worth $159,000 after acquiring an additional 7,893 shares during the period. 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 analyst reports. Berenberg Bank assumed coverage on shares of Coty in a research report on Tuesday, March 25th. They issued a "buy" rating and a $7.50 price target on the stock. Piper Sandler decreased their price target on Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, February 24th. DA Davidson reissued a "buy" rating and issued a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Canaccord Genuity Group decreased their target price on Coty from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group lowered their target price on Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8.24.
View Our Latest Stock Report on Coty
Coty Trading Up 0.2 %
Shares of Coty stock opened at $4.98 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The stock has a fifty day simple moving average of $5.36 and a 200 day simple moving average of $6.55. Coty Inc. has a 12-month low of $4.56 and a 12-month high of $11.77. The company has a market capitalization of $4.34 billion, a P/E ratio of -498.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75.
Coty (NYSE:COTY - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, sell-side analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.
About Coty
(
Free Report)
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.
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