Larson Financial Group LLC Sells 93,666 Shares of Coty Inc. (NYSE:COTY)

Larson Financial Group LLC decreased its position in Coty Inc. (NYSE:COTY) by 59.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,548 shares of the company’s stock after selling 93,666 shares during the period. Larson Financial Group LLC’s holdings in Coty were worth $442,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after acquiring an additional 251,964 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Coty by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after purchasing an additional 107,014 shares in the last quarter. Barclays PLC lifted its holdings in shares of Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after purchasing an additional 693,961 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Coty during the third quarter valued at $3,681,000. Finally, Thrivent Financial for Lutherans increased its holdings in Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after buying an additional 656,952 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Trading Up 3.0 %

Coty stock opened at $6.02 on Tuesday. The firm has a 50 day moving average of $6.52 and a 200 day moving average of $7.58. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -602.30, a P/E/G ratio of 0.81 and a beta of 1.97. Coty Inc. has a 12-month low of $5.35 and a 12-month high of $12.80. 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 released its earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, research analysts predict that Coty Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

COTY has been the topic of several research analyst reports. Evercore ISI lowered their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Piper Sandler lowered their target price on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Barclays lowered their target price on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley lowered their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $13.00 target price on shares of Coty in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company 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.