Coty Inc. (NYSE:COTY) Shares Bought by US Bancorp DE

US Bancorp DE grew its holdings in shares of Coty Inc. (NYSE:COTY) by 116.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,473 shares of the company’s stock after buying an additional 5,088 shares during the quarter. US Bancorp DE’s holdings in Coty were worth $66,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of COTY. Allworth Financial LP increased its holdings in shares of Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares during the period. Blue Trust Inc. increased its holdings in shares of Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after purchasing an additional 3,877 shares during the period. R Squared Ltd acquired a new position in shares of Coty during the fourth quarter valued at $54,000. Truist Financial Corp acquired a new position in shares of Coty during the fourth quarter valued at $71,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Coty during the fourth quarter valued at about $74,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 target price on shares of Coty in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Piper Sandler decreased their target price on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Morgan Stanley decreased their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Canaccord Genuity Group decreased their target price on Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.89.

Coty Trading Up 2.3 %

Shares of NYSE COTY opened at $5.64 on Tuesday. Coty Inc. has a one year low of $5.35 and a one year high of $12.53. The firm has a market capitalization of $4.91 billion, a PE ratio of -563.50, a PEG ratio of 0.81 and a beta of 1.97. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The business has a 50-day moving average price of $6.39 and a two-hundred day moving average price of $7.44.

Coty (NYSE:COTY) last announced 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%. As a group, analysts predict that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

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.