Amundi Acquires 4,478,906 Shares of Coty Inc. (NYSE:COTY)

Amundi lifted its holdings in shares of Coty Inc. (NYSE:COTY) by 1,990,624.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,479,131 shares of the company’s stock after acquiring an additional 4,478,906 shares during the period. Amundi’s holdings in Coty were worth $30,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Steward Partners Investment Advisory LLC grew its holdings in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares during the period. Allworth Financial LP boosted its position in shares of Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after purchasing an additional 3,877 shares during the period. R Squared Ltd bought a new stake in Coty in the fourth quarter valued at about $54,000. Finally, US Bancorp DE lifted its stake in Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company’s stock valued at $66,000 after buying an additional 5,088 shares during the period. 42.36% of the stock is owned by institutional investors.

Coty Trading Down 2.7 %

NYSE COTY opened at $5.54 on Thursday. Coty Inc. has a 52 week low of $5.35 and a 52 week high of $12.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The stock’s 50 day moving average price is $6.47 and its two-hundred day moving average price is $7.53. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of -553.50, a PEG ratio of 0.81 and a beta of 1.97.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on COTY shares. Stifel Nicolaus decreased their target price on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Piper Sandler decreased their price objective on shares of Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Barclays cut their target price on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group decreased their price target on shares of Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price objective on shares of Coty in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.89.

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.