Edmond DE Rothschild Holding S.A. Boosts Stake in Coty $COTY

Key Points

• Edmond DE Rothschild Holding S.A. increased their stake in Coty by 2.3% during the 1st quarter, purchasing 79,432 additional shares, bringing their total holdings to approximately 3.6 million shares worth about $19.7 million.
• Several large investors, including Man Group plc and AQR Capital Management, have also significantly altered their holdings in Coty, indicating increased institutional interest.
• Recent analyst reports show a generally bearish outlook for Coty, with multiple price target reductions and an average consensus rating of "Hold," highlighting concerns about the company's profitability and stock performance.

Edmond DE Rothschild Holding S.A. increased its position in shares of Coty (NYSE:COTY - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,601,833 shares of the company's stock after purchasing an additional 79,432 shares during the quarter. Edmond DE Rothschild Holding S.A. owned 0.41% of Coty worth $19,700,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COTY. GAMMA Investing LLC raised its holdings in shares of Coty by 140.2% in the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after acquiring an additional 3,214 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Coty by 1,006.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company's stock worth $40,000 after purchasing an additional 6,644 shares in the last quarter. Callan Capital LLC acquired a new position in shares of Coty in the first quarter worth about $56,000. Impact Capital Partners LLC acquired a new stake in Coty during the first quarter valued at approximately $61,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Coty during the 4th quarter worth approximately $84,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coty

In other news, insider Priya Srinivasan bought 30,000 shares of Coty stock in a transaction on Friday, August 22nd. The shares were purchased at an average price of $3.84 per share, for a total transaction of $115,200.00. Following the acquisition, the insider owned 37,509 shares of the company's stock, valued at approximately $144,034.56. The trade was a 399.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sue Nabi bought 260,000 shares of Coty stock in a transaction on Friday, August 22nd. The shares were purchased at an average price of $3.92 per share, for a total transaction of $1,019,200.00. Following the acquisition, the chief executive officer directly owned 32,127,286 shares in the company, valued at approximately $125,938,961.12. This trade represents a 0.82% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 334,900 shares of company stock valued at $1,321,840 over the last quarter. Company insiders own 6.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COTY. Bank of America decreased their target price on Coty from $4.00 to $3.50 and set an "underperform" rating on the stock in a report on Friday, August 22nd. Cowen reaffirmed a "hold" rating on shares of Coty in a report on Friday, August 22nd. Royal Bank Of Canada lowered their target price on Coty from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Friday, August 22nd. Evercore ISI reduced their price target on Coty from $10.00 to $7.00 and set an "outperform" rating on the stock in a research report on Thursday, August 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Coty from $6.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Coty presently has an average rating of "Hold" and a consensus target price of $6.19.

Coty Stock Performance

Shares of NYSE:COTY traded down $0.06 during trading on Tuesday, hitting $4.27. 2,462,437 shares of the company were exchanged, compared to its average volume of 8,314,384. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.77 and a quick ratio of 0.46. Coty has a 52-week low of $3.67 and a 52-week high of $9.70. The company has a market cap of $3.72 billion, a PE ratio of -9.69, a P/E/G ratio of 0.40 and a beta of 2.07. The stock has a 50 day moving average of $4.74 and a 200 day moving average of $5.00.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data 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). Coty had a positive return on equity of 5.18% and a negative net margin of 6.24%.The business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the business posted ($0.03) EPS. The company's quarterly revenue was down 8.1% on a year-over-year basis. As a group, equities research analysts predict that Coty will post 0.39 EPS for the current year.

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.