BI Asset Management Fondsmaeglerselskab A S Purchases 78,890 Shares of Coty Inc. (NYSE:COTY)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Coty Inc. (NYSE:COTY - Free Report) by 126.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 141,387 shares of the company's stock after buying an additional 78,890 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Coty were worth $1,756,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COTY. Vanguard Group Inc. lifted its position in shares of Coty by 12.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company's stock valued at $430,920,000 after acquiring an additional 4,245,039 shares during the period. Clearbridge Investments LLC raised its position in shares of Coty by 1.8% in the 3rd quarter. Clearbridge Investments LLC now owns 14,608,829 shares of the company's stock valued at $160,259,000 after buying an additional 255,500 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Coty by 3.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,060,293 shares of the company's stock worth $121,331,000 after acquiring an additional 406,769 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Coty by 9.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,130,447 shares of the company's stock worth $100,985,000 after acquiring an additional 709,238 shares in the last quarter. Finally, Invesco Ltd. raised its position in Coty by 40.0% during the third quarter. Invesco Ltd. now owns 7,494,519 shares of the company's stock valued at $82,215,000 after purchasing an additional 2,142,622 shares in the last quarter. Institutional investors own 42.36% of the company's stock.

Coty Trading Down 1.1 %

NYSE COTY traded down $0.12 during mid-day trading on Wednesday, reaching $10.37. 4,799,433 shares of the stock were exchanged, compared to its average volume of 4,018,413. The stock has a market cap of $9.00 billion, a P/E ratio of 45.09, a P/E/G ratio of 4.56 and a beta of 1.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.80 and a quick ratio of 0.50. Coty Inc. has a one year low of $9.02 and a one year high of $13.46. The stock has a 50 day simple moving average of $11.32 and a 200-day simple moving average of $11.71.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coty had a return on equity of 8.75% and a net margin of 3.59%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business posted $0.19 earnings per share. The business's revenue was up 7.5% on a year-over-year basis. On average, analysts anticipate that Coty Inc. will post 0.44 EPS for the current year.

Insiders Place Their Bets

In other Coty news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Robert S. Singer sold 90,000 shares of the company's stock in a transaction dated 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 transaction, the director now owns 169,982 shares in the company, valued at $2,134,973.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the sale, the director now 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup lowered their price target on Coty from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, April 16th. TheStreet raised shares of Coty from a "c+" rating to a "b-" rating in a research note on Thursday, February 8th. Royal Bank of Canada reissued an "outperform" rating and set a $14.00 price objective on shares of Coty in a report on Friday, February 9th. DA Davidson lowered their target price on Coty from $17.50 to $16.50 and set a "buy" rating for the company in a report on Tuesday, May 7th. Finally, Canaccord Genuity Group assumed coverage on Coty in a research note on Monday, April 15th. They set a "buy" rating and a $14.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $13.21.

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.