2 weeks Ago By Defense World Staff
Franklin Resources Inc. lessened its position in Coty Inc. ( NYSE:COTY – Free Report ) by 22.
7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,748 shares of the company’s stock after selling 3,456 shares during the quarter. Franklin Resources Inc.
’s holdings in Coty were worth $82,000 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in COTY. Edmond DE Rothschild Holding S.
A. lifted its holdings in Coty by 11.7% in the 4th quarter.
Edmond DE Rothschild Holding S.A. now owns 3,522,401 shares of the company’s stock valued at $24,447,000 after purchasing an additional 370,000 shares in the last quarter.
Clearbridge Investments LLC raised its position in shares of Coty by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock valued at $68,379,000 after buying an additional 37,412 shares during the last quarter.
New Age Alpha Advisors LLC purchased a new position in shares of Coty in the fourth quarter worth about $144,000. Norges Bank purchased a new position in shares of Coty in the fourth quarter worth about $44,401,000. Finally, Caisse Des Depots ET Consignations acquired a new position in Coty during the fourth quarter worth about $19,663,000.
42.36% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes A number of research firms have commented on COTY.
JPMorgan Chase & Co. cut their price objective on shares of Coty from $7.00 to $6.
00 and set a “neutral” rating for the company in a report on Friday, April 11th. The Goldman Sachs Group cut their price target on Coty from $9.00 to $8.
00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company reissued a “positive” rating on shares of Coty in a research note on Wednesday. Stifel Nicolaus dropped their target price on Coty from $8.
00 to $6.50 and set a “hold” rating for the company in a report on Thursday, April 10th. Finally, Piper Sandler reduced their price target on Coty from $9.
00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.24.
Coty Stock Performance NYSE:COTY opened at $4.73 on Friday. Coty Inc.
has a fifty-two week low of $4.56 and a fifty-two week high of $11.81.
The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.
71. The company has a 50 day moving average price of $5.45 and a 200 day moving average price of $6.
74. The stock has a market capitalization of $4.12 billion, a P/E ratio of -472.
50, a PEG ratio of 0.81 and a beta of 1.75.
Coty ( NYSE:COTY – Get Free Report ) last released its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.
22 by ($0.11). Coty had a return on equity of 6.
34% and a net margin of 0.22%. Equities research analysts forecast that Coty Inc.
will post 0.39 EPS for the current year. Coty Profile ( Free Report ) 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.
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