Assenagon Asset Management S.A. Acquires 1,679,632 Shares of Coty $COTY

Assenagon Asset Management S.A. lifted its position in Coty (NYSE:COTY) by 37.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,187,672 shares of the company’s stock after buying an additional 1,679,632 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.70% of Coty worth $12,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Coty by 5.8% in the 4th quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock worth $122,903,000 after purchasing an additional 2,199,420 shares during the period. BNP Paribas Financial Markets raised its holdings in Coty by 0.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock worth $160,240,000 after purchasing an additional 267,261 shares in the last quarter. Credit Agricole S A bought a new stake in Coty during the 3rd quarter valued at approximately $63,824,000. Dimensional Fund Advisors LP grew its stake in Coty by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,938,505 shares of the company’s stock worth $42,933,000 after purchasing an additional 60,951 shares during the period. Finally, Norges Bank bought a new stake in Coty during the fourth quarter worth about $41,867,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

Shares of NYSE:COTY opened at $1.92 on Friday. Coty has a 52 week low of $1.84 and a 52 week high of $5.33. The firm has a 50 day moving average of $2.14 and a 200 day moving average of $2.52. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -3.09, a price-to-earnings-growth ratio of 0.45 and a beta of 1.00. The company has a quick ratio of 0.49, a current ratio of 0.82 and a debt-to-equity ratio of 0.97.

Coty (NYSE:COTY) last announced its earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. Coty had a negative net margin of 9.20% and a positive return on equity of 4.59%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company earned $0.01 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. On average, sell-side analysts predict that Coty will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Morgan Stanley set a $2.50 price objective on shares of Coty in a research note on Thursday, May 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $8.00 target price on shares of Coty in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, TD Cowen lifted their price objective on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $3.70.

About Coty

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.