TCW Group Inc. Has $672,000 Stake in Coty (NYSE:COTY)

Key Points

• TCW Group Inc. has significantly reduced its position in Coty, selling 182,004 shares and holding only 122,793 shares, representing a 59.7% decrease during the first quarter.
• Despite TCW's sale, other institutional investors like Ameriprise Financial and Millennium Management increased their stakes in Coty, indicating varied investment sentiment among large shareholders.
• Coty's most recent earnings report showed an EPS of $0.01, missing expectations and reflecting a 6.2% decrease in revenue year-over-year, with analysts predicting an average target price of $7.80 for the stock.

TCW Group Inc. lowered its position in shares of Coty (NYSE:COTY - Free Report) by 59.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,793 shares of the company's stock after selling 182,004 shares during the quarter. TCW Group Inc.'s holdings in Coty were worth $672,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in Coty by 140.2% in the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock valued at $30,000 after buying an additional 3,214 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after purchasing an additional 2,601 shares during the last quarter. Scotia Capital Inc. acquired a new position in shares of Coty during the 4th quarter worth $70,000. Callan Capital LLC acquired a new position in shares of Coty during the 1st quarter worth $56,000. Finally, Impact Capital Partners LLC acquired a new position in shares of Coty during the 1st quarter worth $61,000. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Price Performance

Shares of Coty stock traded down $0.15 during mid-day trading on Friday, reaching $4.71. 3,479,884 shares of the stock were exchanged, compared to its average volume of 7,742,933. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.03. The company has a market cap of $4.10 billion, a price-to-earnings ratio of -9.80, a price-to-earnings-growth ratio of 0.67 and a beta of 1.91. Coty has a fifty-two week low of $4.46 and a fifty-two week high of $10.30. The firm has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $5.43.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The company's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. On average, sell-side analysts predict that Coty will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on COTY. Canaccord Genuity Group restated 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. JPMorgan Chase & Co. dropped their price target on shares of Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Bank of America lowered shares of Coty from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $9.00 to $4.50 in a research note on Tuesday, April 15th. BNP Paribas lowered shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price target on the stock. in a research note on Friday, April 11th. Finally, Citigroup lowered their target price on shares of Coty from $8.00 to $6.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.