Coty Inc. (NYSE:COTY) Shares Purchased by TCW Group Inc.

TCW Group Inc. increased its stake in shares of Coty Inc. (NYSE:COTY) by 44.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 304,797 shares of the company’s stock after purchasing an additional 93,229 shares during the quarter. TCW Group Inc.’s holdings in Coty were worth $2,121,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares during the period. Allworth Financial LP lifted its holdings in Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after acquiring an additional 3,328 shares during the period. R Squared Ltd acquired a new stake in Coty in the fourth quarter valued at $54,000. Virtu Financial LLC acquired a new stake in Coty in the third quarter valued at $96,000. Finally, Truist Financial Corp acquired a new stake in Coty in the fourth quarter valued at $71,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Trading Up 5.0 %

Coty stock opened at $6.00 on Tuesday. The stock has a market cap of $5.23 billion, a PE ratio of -599.50, a P/E/G ratio of 0.81 and a beta of 1.89. The stock has a 50-day moving average price of $6.78 and a 200 day moving average price of $7.84. Coty Inc. has a 52 week low of $5.42 and a 52 week high of $13.30. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Equities research analysts predict that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Raymond James reduced their target price on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Stifel Nicolaus reduced their target price on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and reduced their target price for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. Finally, Piper Sandler dropped their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coty has an average rating of “Moderate Buy” and a consensus price target of $9.89.

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.