Coty Inc. (NYSE:COTY) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in Coty Inc. (NYSE:COTY) by 24.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,900 shares of the company’s stock after purchasing an additional 22,300 shares during the period. Handelsbanken Fonder AB’s holdings in Coty were worth $1,070,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in COTY. Quent Capital LLC boosted its position in shares of Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after buying an additional 4,810 shares during the period. WealthShield Partners LLC bought a new stake in Coty during the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC acquired a new position in Coty during the 2nd quarter worth $107,000. Envestnet Portfolio Solutions Inc. boosted its position in Coty by 9.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after acquiring an additional 1,104 shares during the period. Finally, EntryPoint Capital LLC grew its stake in shares of Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after purchasing an additional 8,419 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Trading Up 3.5 %

NYSE:COTY opened at $9.21 on Friday. The stock has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $10.10. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 115.13, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89. Coty Inc. has a 1-year low of $8.66 and a 1-year high of $13.30. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY) last announced its earnings results on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). Coty had a return on equity of 8.05% and a net margin of 1.46%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that Coty Inc. will post 0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Jefferies Financial Group raised shares of Coty from a “hold” rating to a “buy” rating and upped their price target for the stock from $11.00 to $12.00 in a research note on Monday, October 7th. DA Davidson raised their price objective on shares of Coty from $16.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Barclays dropped their target price on Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Finally, Piper Sandler decreased their price target on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.88.

Coty 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.