BI Asset Management Fondsmaeglerselskab A S Grows Stock Position in Coty Inc. (NYSE:COTY)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Coty Inc. (NYSE:COTY) by 126.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141,387 shares of the company’s stock after acquiring an additional 78,890 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Coty were worth $1,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Coty by 12.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock worth $430,920,000 after purchasing an additional 4,245,039 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Coty by 1.8% during the third quarter. Clearbridge Investments LLC now owns 14,608,829 shares of the company’s stock worth $160,259,000 after buying an additional 255,500 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Coty by 3.8% in the third quarter. Ameriprise Financial Inc. now owns 11,060,293 shares of the company’s stock valued at $121,331,000 after buying an additional 406,769 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coty by 9.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,130,447 shares of the company’s stock valued at $100,985,000 after buying an additional 709,238 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of 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 buying an additional 2,142,622 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coty

In other news, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $1,524,000. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research report on Friday, February 9th. DA Davidson cut their target price on Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Barclays lowered their price target on Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Citigroup dropped their price target on Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Finally, TD Cowen decreased their target price on Coty from $16.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.21.

Coty Stock Performance

Shares of COTY opened at $10.49 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average is $11.36 and its two-hundred day moving average is $11.72. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 45.59, a PEG ratio of 4.56 and a beta of 1.83. Coty Inc. has a 52-week low of $9.02 and a 52-week high of $13.46.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. Analysts forecast that Coty Inc. will post 0.44 EPS for the current fiscal year.

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.