Vanguard Group Inc. Has $205.92 Million Stock Position in Coty $COTY

Key Points

• The Vanguard Group Inc. increased its stake in Coty by 5.8%, owning approximately 37.6 million shares worth about $205.9 million after purchasing additional shares in Q1.
• Institutional investors now own 42.36% of Coty, with several firms such as Ameriprise Financial and Millennium Management significantly boosting their holdings in the company.
• Wall Street analysts have varying views on Coty, with an average rating of "Hold" and a price target of $7.80, although several firms have adjusted their price objectives downward.

Vanguard Group Inc. lifted its stake in shares of Coty (NYSE:COTY - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,645,488 shares of the company's stock after acquiring an additional 2,055,771 shares during the quarter. Vanguard Group Inc. owned 4.32% of Coty worth $205,921,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COTY. Cetera Investment Advisers boosted 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 purchasing an additional 3,191 shares during the last quarter. GAMMA Investing LLC raised its holdings in Coty by 140.2% during the first 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 in the last quarter. Bank of Montreal Can raised its holdings in Coty by 8.3% during the fourth quarter. Bank of Montreal Can now owns 61,237 shares of the company's stock valued at $426,000 after buying an additional 4,716 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Coty by 0.6% during the first quarter. Principal Financial Group Inc. now owns 844,292 shares of the company's stock valued at $4,618,000 after buying an additional 5,272 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Coty by 52.7% during the fourth quarter. Sterling Capital Management LLC now owns 22,865 shares of the company's stock valued at $159,000 after buying an additional 7,893 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Stock Performance

COTY stock traded up $0.1050 during trading on Friday, reaching $3.9150. 20,591,972 shares of the stock were exchanged, compared to its average volume of 8,595,614. Coty has a twelve month low of $3.75 and a twelve month high of $10.09. The company has a market capitalization of $3.41 billion, a P/E ratio of -8.90, a price-to-earnings-growth ratio of 0.55 and a beta of 2.00. The stock has a 50 day simple moving average of $4.86 and a 200-day simple moving average of $5.15. The company has a current ratio of 0.77, a quick ratio of 0.51 and a debt-to-equity ratio of 1.06.

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 analysts' consensus estimates of $0.01 by ($0.06). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Coty had a positive return on equity of 5.18% and a negative net margin of 6.24%.The firm's quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the business earned ($0.03) earnings per share. As a group, sell-side analysts anticipate that Coty will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Royal Bank Of Canada dropped their price objective on Coty from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on Coty from $6.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday. Canaccord Genuity Group dropped their price objective on Coty from $5.00 to $4.00 and set a "hold" rating on the stock in a research note on Friday. Finally, Wells Fargo & Company decreased their target price on Coty from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Coty presently has an average rating of "Hold" and a consensus target price 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.