Woodline Partners LP Purchases Shares of 678,663 Coty Inc. (NYSE:COTY)

Woodline Partners LP purchased a new stake in Coty Inc. (NYSE:COTY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 678,663 shares of the company's stock, valued at approximately $4,723,000. Woodline Partners LP owned 0.08% of Coty as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in COTY. Barclays PLC boosted its holdings in Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock valued at $10,947,000 after purchasing an additional 693,961 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Coty in the 4th quarter valued at approximately $267,000. PFG Investments LLC purchased a new stake in Coty in the 4th quarter valued at approximately $75,000. Kingswood Wealth Advisors LLC purchased a new stake in Coty in the 4th quarter valued at approximately $74,000. Finally, Blue Trust Inc. boosted its holdings in Coty by 124.8% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Price Performance

COTY stock traded up $0.09 on Tuesday, reaching $4.87. The company had a trading volume of 9,504,181 shares, compared to its average volume of 5,658,336. Coty Inc. has a 1 year low of $4.46 and a 1 year high of $10.80. 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 company's fifty day moving average is $5.06 and its 200 day moving average is $6.16. The company has a market cap of $4.25 billion, a P/E ratio of -487.00, a PEG ratio of 0.81 and a beta of 1.90.

Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. Coty's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. On average, research analysts forecast that Coty Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

COTY has been the topic of a number of analyst reports. BNP Paribas lowered Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective on the stock. in a report on Friday, April 11th. Canaccord Genuity Group reissued a "hold" rating and set a $5.00 price target (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. Piper Sandler decreased their price target on Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Berenberg Bank started coverage on Coty in a research note on Tuesday, March 25th. They set a "buy" rating and a $7.50 price target on the stock. Finally, The Goldman Sachs Group decreased their price target on Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Coty currently has a consensus rating of "Hold" and an average target price of $7.80.

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.