Coty Inc. (NYSE:COTY) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in Coty Inc. (NYSE:COTY) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,920 shares of the company’s stock after purchasing an additional 2,105 shares during the period. Xponance Inc.’s holdings in Coty were worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in COTY. Vanguard Group Inc. increased its stake in Coty by 12.1% during the third quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock worth $430,920,000 after acquiring an additional 4,245,039 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Coty by 1.8% in the 3rd quarter. Clearbridge Investments LLC now owns 14,608,829 shares of the company’s stock valued at $160,259,000 after buying an additional 255,500 shares during the period. Ameriprise Financial Inc. boosted its stake in Coty by 3.8% during the third quarter. Ameriprise Financial Inc. now owns 11,060,293 shares of the company’s stock worth $121,331,000 after buying an additional 406,769 shares during the period. Invesco Ltd. increased its position in shares of Coty by 40.0% during the third quarter. Invesco Ltd. now owns 7,494,519 shares of the company’s stock valued at $82,215,000 after acquiring an additional 2,142,622 shares during the last quarter. Finally, Ruffer LLP raised its stake in shares of Coty by 11.5% in the 3rd quarter. Ruffer LLP now owns 5,950,409 shares of the company’s stock valued at $66,276,000 after acquiring an additional 611,853 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COTY. Citigroup lowered their price objective on shares of Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Wells Fargo & Company lifted their price objective on Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. TheStreet raised Coty from a “c+” rating to a “b-” rating in a research note on Thursday, February 8th. DA Davidson reaffirmed a “buy” rating and issued a $17.50 target price on shares of Coty in a research report on Monday, April 22nd. Finally, Canaccord Genuity Group started coverage on shares of Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.19.

Coty Trading Up 0.4 %

Shares of NYSE:COTY opened at $11.46 on Friday. Coty Inc. has a 52 week low of $9.02 and a 52 week high of $13.46. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80. The company has a market cap of $10.26 billion, a PE ratio of 32.74, a P/E/G ratio of 6.53 and a beta of 1.82. The company’s 50 day moving average is $11.90 and its two-hundred day moving average is $11.51.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Coty had a return on equity of 11.91% and a net margin of 5.39%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts predict that Coty Inc. will post 0.45 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the transaction, the director now directly owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the sale, the director now directly owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

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.