JPMorgan Chase & Co. Purchases 80,107 Shares of Coty Inc. (NYSE:COTY)

JPMorgan Chase & Co. lifted its holdings in Coty Inc. (NYSE:COTY - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 823,552 shares of the company's stock after buying an additional 80,107 shares during the period. JPMorgan Chase & Co. owned about 0.09% of Coty worth $5,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of COTY. Amundi boosted its position in shares of Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock worth $30,503,000 after buying an additional 4,478,906 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock worth $56,354,000 after buying an additional 1,646,839 shares during the period. Barclays PLC boosted its position in shares of Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after buying an additional 693,961 shares during the period. Victory Capital Management Inc. boosted its position in Coty by 17.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company's stock valued at $21,815,000 after purchasing an additional 466,772 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Coty during the fourth quarter valued at $3,030,000. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Stock Performance

Shares of Coty stock traded up $0.22 during trading on Wednesday, reaching $5.04. The company's stock had a trading volume of 1,284,005 shares, compared to its average volume of 5,244,038. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The business's fifty day moving average price is $5.41 and its 200-day moving average price is $6.68. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -504.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. Coty Inc. has a one year low of $4.56 and a one year high of $11.81.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. As a group, equities research analysts predict that Coty Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Berenberg Bank assumed coverage on Coty in a research report on Tuesday, March 25th. They set a "buy" rating and a $7.50 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and set a $13.00 price objective on shares of Coty in a research report on Wednesday, February 12th. Evercore ISI reduced their price objective on Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company reissued a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. Finally, Citigroup raised Coty from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $7.00 to $8.00 in a research report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $8.24.

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.