Coty $COTY Holdings Lifted by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Coty by 14.6%, owning approximately 3.5 million shares worth $19.3 million after acquiring an additional 450,413 shares.
• Coty's stock has seen a 21.6% decrease recently, with shares opening at $3.8090, significantly below its 12-month high of $10.30.
• Analysts have varied opinions on Coty, with target prices ranging from $4.00 to $12.00, reflecting a consensus rating of "Hold" and an average target price of $6.73.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Coty (NYSE:COTY - Free Report) by 14.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,535,430 shares of the company's stock after buying an additional 450,413 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.41% of Coty worth $19,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Cetera Investment Advisers raised its position in Coty by 15.1% during the fourth quarter. Cetera Investment Advisers now owns 24,370 shares of the company's stock valued at $170,000 after acquiring an additional 3,191 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Coty by 140.2% during the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after purchasing an additional 3,214 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Coty by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 844,292 shares of the company's stock valued at $4,618,000 after purchasing an additional 5,272 shares in the last quarter. First Manhattan CO. LLC. lifted its stake in shares of Coty by 1.2% in the 4th quarter. First Manhattan CO. LLC. now owns 697,211 shares of the company's stock valued at $4,853,000 after purchasing an additional 8,275 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Coty by 4.5% in the 1st quarter. New York State Common Retirement Fund now owns 223,116 shares of the company's stock valued at $1,220,000 after purchasing an additional 9,583 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

Analyst Upgrades and Downgrades

COTY has been the topic of several analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a $12.00 target price on shares of Coty in a research report on Monday. Jefferies Financial Group reissued a "hold" rating and set a $4.00 price objective (down previously from $6.00) on shares of Coty in a report on Thursday. Canaccord Genuity Group reissued a "hold" rating and issued a $5.00 price objective (down from $8.00) on shares of Coty in a research note on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating and set a $4.25 target price (down previously from $6.50) on shares of Coty in a research report on Thursday. Finally, Evercore ISI dropped their price target on shares of Coty from $10.00 to $7.00 and set an "outperform" rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.73.

Coty Stock Down 21.6%

Shares of COTY stock opened at $3.8090 on Friday. Coty has a 12 month low of $3.75 and a 12 month high of $10.30. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03. The firm has a market cap of $3.32 billion, a PE ratio of -8.66, a price-to-earnings-growth ratio of 0.68 and a beta of 2.00. The stock has a 50 day moving average of $4.88 and a 200-day moving average of $5.17.

Coty (NYSE:COTY - Get Free Report) last announced its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.20 billion. Coty had a positive return on equity of 5.10% and a negative net margin of 6.24%.The company's revenue was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. On average, equities analysts predict that Coty will post 0.39 EPS for the current year.

Coty Profile

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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