Swiss National Bank Raises Holdings in Coty Inc. (NYSE:COTY)

Swiss National Bank raised its holdings in Coty Inc. (NYSE:COTY) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 768,101 shares of the company’s stock after purchasing an additional 5,700 shares during the period. Swiss National Bank’s holdings in Coty were worth $5,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Amundi boosted its position in shares of Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after purchasing an additional 4,478,906 shares during the period. Barclays PLC lifted its stake in Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after purchasing an additional 693,961 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Coty by 17.5% during the fourth quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company’s stock worth $21,815,000 after buying an additional 466,772 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Coty in the fourth quarter valued at $3,030,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after acquiring an additional 287,061 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Canaccord Genuity Group dropped their target price on Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Stifel Nicolaus reduced 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. Piper Sandler dropped their price target on shares of Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Citigroup upgraded Coty from a “neutral” rating to a “buy” rating and increased their price objective for the company from $7.00 to $8.00 in a research note on Thursday, March 20th. Finally, Morgan Stanley lowered 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.78.

Coty Price Performance

Shares of NYSE:COTY opened at $5.54 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. Coty Inc. has a 12 month low of $5.35 and a 12 month high of $11.99. The firm has a market capitalization of $4.83 billion, a P/E ratio of -553.50, a P/E/G ratio of 0.81 and a beta of 1.97. The company’s fifty day moving average price is $6.26 and its 200 day moving average price is $7.30.

Coty (NYSE:COTY) last posted its earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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, sell-side 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.