Credit Agricole S A Has $112.15 Million Holdings in Coty $COTY

Key Points

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Credit Agricole S A trimmed its holdings in Coty (NYSE:COTY - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,503,556 shares of the company's stock after selling 259,277 shares during the period. Credit Agricole S A owned 2.35% of Coty worth $112,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in COTY. Man Group plc purchased a new stake in shares of Coty in the fourth quarter valued at about $28,473,000. Assenagon Asset Management S.A. raised its holdings in shares of Coty by 162.2% in the first quarter. Assenagon Asset Management S.A. now owns 4,300,292 shares of the company's stock valued at $23,523,000 after buying an additional 2,660,221 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Coty by 12.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock valued at $140,691,000 after buying an additional 2,175,120 shares during the last quarter. Vanguard Group Inc. raised its holdings in Coty by 5.8% during the first quarter. Vanguard Group Inc. now owns 37,645,488 shares of the company's stock worth $205,921,000 after purchasing an additional 2,055,771 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new position in Coty during the fourth quarter worth about $12,981,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Price Performance

Shares of COTY stock traded up $0.1050 during midday trading on Friday, reaching $3.9150. 20,591,972 shares of the company were exchanged, compared to its average volume of 8,595,614. Coty has a 12 month low of $3.75 and a 12 month high of $10.09. The company has a market cap of $3.41 billion, a P/E ratio of -8.90, a PEG ratio of 0.55 and a beta of 2.00. The company's 50 day moving average price is $4.86 and its two-hundred day moving average price is $5.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.51 and a current ratio of 0.77.

Coty (NYSE:COTY - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.20 billion. Coty had a positive return on equity of 5.18% and a negative net margin of 6.24%.The business's revenue was down 8.1% on a year-over-year basis. During the same period last year, the business earned ($0.03) earnings per share. On average, sell-side analysts expect that Coty will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COTY. Royal Bank Of Canada cut their price target on shares of Coty from $12.00 to $10.00 and set a "sector perform" rating for the company in a report on Friday. Wells Fargo & Company reduced their price objective on shares of Coty from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Friday. Jefferies Financial Group downgraded shares of Coty from a "buy" rating to a "hold" rating and cut their price target for the stock from $6.00 to $4.00 in a research note on Thursday. Citigroup reissued a "neutral" rating and issued a $4.25 target price (down previously from $6.50) on shares of Coty in a research note on Thursday. Finally, Canaccord Genuity Group cut their target price on shares of Coty from $5.00 to $4.00 and set a "hold" rating on the stock in a research note on Friday. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $6.34.

Coty Company 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.