Vanguard Group Inc. Has $152.33 Million Stock Position in Coty $COTY

Vanguard Group Inc. raised its stake in Coty (NYSE:COTY) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,704,142 shares of the company’s stock after acquiring an additional 964,040 shares during the quarter. Vanguard Group Inc. owned about 4.32% of Coty worth $152,325,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Coty by 0.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock worth $160,240,000 after purchasing an additional 267,261 shares during the last quarter. Norges Bank acquired a new stake in shares of Coty during the second quarter worth $52,449,000. Thrivent Financial for Lutherans boosted its position in shares of Coty by 9.1% in the third quarter. Thrivent Financial for Lutherans now owns 8,753,712 shares of the company’s stock valued at $35,365,000 after acquiring an additional 727,404 shares during the period. Man Group plc grew its stake in shares of Coty by 62.1% in the second quarter. Man Group plc now owns 5,978,817 shares of the company’s stock valued at $27,801,000 after acquiring an additional 2,289,649 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its stake in shares of Coty by 10.9% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 3,994,553 shares of the company’s stock valued at $18,574,000 after acquiring an additional 392,720 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Price Performance

Shares of COTY stock opened at $2.46 on Wednesday. The business has a fifty day simple moving average of $2.95 and a 200 day simple moving average of $3.54. The company has a market cap of $2.16 billion, a P/E ratio of -3.97, a P/E/G ratio of 0.34 and a beta of 0.95. The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. Coty has a twelve month low of $2.38 and a twelve month high of $6.13.

Coty (NYSE:COTY) last posted its earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The firm’s revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. On average, sell-side analysts forecast that Coty will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on COTY. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.50 price objective on shares of Coty in a research note on Monday, February 9th. Royal Bank Of Canada dropped their price target on shares of Coty from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. TD Cowen reduced their price target on Coty from $3.50 to $3.40 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Jefferies Financial Group initiated coverage on Coty in a report on Wednesday, January 14th. They issued a “buy” rating and a $3.50 price objective for the company. Finally, Wall Street Zen upgraded Coty from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Coty has an average rating of “Reduce” and a consensus target price of $4.31.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.