DekaBank Deutsche Girozentrale Has $6.20 Million Position in Coty Inc. (NYSE:COTY)

DekaBank Deutsche Girozentrale increased its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 17,661.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 502,831 shares of the company's stock after buying an additional 500,000 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Coty worth $6,196,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BluePath Capital Management LLC purchased a new stake in Coty in the 3rd quarter valued at approximately $29,000. Atlas Capital Advisors LLC purchased a new stake in Coty in the 2nd quarter valued at approximately $37,000. Coppell Advisory Solutions LLC purchased a new stake in Coty in the 2nd quarter valued at approximately $47,000. Captrust Financial Advisors boosted its holdings in Coty by 126.2% in the 1st quarter. Captrust Financial Advisors now owns 8,400 shares of the company's stock valued at $76,000 after purchasing an additional 4,686 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Coty during the 3rd quarter valued at approximately $89,000. Hedge funds and other institutional investors own 42.36% of the company's stock.

Coty Trading Down 0.8 %

COTY traded down $0.09 during trading on Thursday, hitting $11.06. The company's stock had a trading volume of 2,823,353 shares, compared to its average volume of 3,873,611. The firm's 50 day moving average price is $12.08 and its 200-day moving average price is $11.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. The stock has a market cap of $9.90 billion, a PE ratio of 31.60, a PEG ratio of 6.16 and a beta of 1.82. Coty Inc. has a twelve month low of $9.02 and a twelve month high of $13.46.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Coty had a return on equity of 11.91% and a net margin of 5.39%. Coty's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. On average, analysts expect that Coty Inc. will post 0.45 earnings per share for the current year.

Insider Buying and Selling at Coty

In other news, Director Robert S. Singer sold 90,000 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of the sale, the director now directly owns 169,982 shares of the company's stock, valued at approximately $2,134,973.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert S. Singer sold 90,000 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of the sale, the director now directly owns 169,982 shares of the company's stock, valued at approximately $2,134,973.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert S. Singer sold 30,000 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the sale, the director now directly owns 120,000 shares of the company's stock, valued at $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Coty from a "c+" rating to a "b-" rating in a research report on Thursday, February 8th. TD Cowen upgraded shares of Coty from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $13.00 to $16.00 in a research report on Thursday, February 22nd. Wells Fargo & Company lifted their price target on shares of Coty from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, February 9th. Barclays lifted their price target on shares of Coty from $11.00 to $13.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $14.00 price target on shares of Coty in a research report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.28.

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.