Sponsored by:
Melissa Juried Kriebel
IceCream Sunscreen
IceCreamSunscreen
A number of other hedge funds and other institutional investors have also made changes to their positions in COTY. BlackRock Inc. boosted its position in Coty by 20.0% during the first quarter. BlackRock Inc. now owns 46,632,257 shares of the company’s stock valued at $419,223,000 after purchasing an additional 7,760,564 shares in the last quarter. Vanguard Group Inc. boosted its position in Coty by 13.3% during the first quarter. Vanguard Group Inc. now owns 34,950,784 shares of the company’s stock valued at $314,208,000 after purchasing an additional 4,092,581 shares in the last quarter. Clearbridge Investments LLC boosted its position in Coty by 123.3% during the first quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock valued at $151,598,000 after purchasing an additional 9,311,527 shares in the last quarter. State Street Corp boosted its position in Coty by 7.8% during the first quarter. State Street Corp now owns 8,985,005 shares of the company’s stock valued at $80,775,000 after purchasing an additional 648,084 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Coty by 119.5% during the first quarter. Goldman Sachs Group Inc. now owns 8,312,124 shares of the company’s stock valued at $74,726,000 after purchasing an additional 4,525,332 shares in the last quarter. Institutional investors own 37.45% of the company’s stock.
Coty Stock Up 2.0 %
Coty stock opened at $6.73 on Monday. The stock has a market capitalization of $5.65 billion, a PE ratio of 84.14, a price-to-earnings-growth ratio of 1.27 and a beta of 1.93. Coty Inc. has a 12 month low of $5.90 and a 12 month high of $11.12. The business has a 50 day simple moving average of $7.14 and a 200-day simple moving average of $7.33. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.66 and a quick ratio of 0.40.
Coty (NYSE:COTY – Get Rating) last posted its quarterly earnings data on Thursday, August 25th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Coty had a return on equity of 8.41% and a net margin of 2.45%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) earnings per share. On average, analysts anticipate that Coty Inc. will post 0.32 EPS for the current fiscal year.
Analysts Set New Price Targets
COTY has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Coty from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, October 3rd. DA Davidson raised their price target on Coty from $10.25 to $10.50 and gave the stock a “buy” rating in a report on Monday, August 29th. Morgan Stanley lowered their price target on Coty from $9.00 to $8.25 and set an “equal weight” rating for the company in a report on Tuesday, October 11th. Bank of America initiated coverage on Coty in a report on Wednesday, September 14th. They issued a “buy” rating and a $12.00 price target for the company. Finally, Piper Sandler raised their price target on Coty from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, September 22nd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Coty presently has an average rating of “Moderate Buy” and a consensus price target of $10.25.
Coty Company 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 products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.
Further Reading
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