Natixis Advisors LLC Reduces Stock Holdings in Coty Inc. (NYSE:COTY)

Natixis Advisors LLC reduced its stake in Coty Inc. (NYSE:COTY) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,252,423 shares of the company’s stock after selling 135,803 shares during the period. Natixis Advisors LLC owned 0.14% of Coty worth $8,717,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in COTY. Amundi increased its stake in Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after purchasing an additional 4,478,906 shares during the last quarter. Barclays PLC increased its holdings in shares of Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after acquiring an additional 693,961 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Coty by 17.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company’s stock valued at $21,815,000 after acquiring an additional 466,772 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Coty in the 4th quarter valued at $3,030,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Coty in the 3rd quarter valued at $3,681,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on COTY. Stifel Nicolaus cut their target price on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group cut their target price on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Canaccord Genuity Group lowered their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley lowered their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price objective on shares of Coty in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Coty has an average rating of “Moderate Buy” and a consensus price target of $9.78.

Coty Trading Up 1.5 %

NYSE:COTY opened at $5.63 on Friday. The company has a market capitalization of $4.90 billion, a PE ratio of -562.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. Coty Inc. has a 52-week low of $5.35 and a 52-week high of $12.31. The stock has a fifty day simple moving average of $6.31 and a 200-day simple moving average of $7.38.

Coty (NYSE:COTY) last released its quarterly 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%. On average, equities research analysts expect that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

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.