2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. lifted its holdings in Coty Inc. (NYSE:COTY – Free Report) by 10.
8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 823,552 shares of the company’s stock after purchasing an additional 80,107 shares during the period. JPMorgan Chase & Co.
owned approximately 0.09% of Coty worth $5,732,000 at the end of the most recent reporting period. Other hedge funds also recently added to or reduced their stakes in the company.
Barclays PLC grew its stake in Coty by 147.1% during the 3rd 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.
Amundi grew its holdings in shares of Coty by 1,990,624.9% during the fourth 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 last quarter.
TCW Group Inc. lifted its stake in Coty by 44.1% in the fourth quarter.
TCW Group Inc. now owns 304,797 shares of the company’s stock valued at $2,121,000 after buying an additional 93,229 shares during the last quarter. Entropy Technologies LP raised its position in Coty by 137.
4% in the 4th quarter. Entropy Technologies LP now owns 104,349 shares of the company’s stock valued at $726,000 after purchasing an additional 60,400 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Coty by 8.
4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,039,384 shares of the company’s stock valued at $21,154,000 after buying an additional 234,768 shares during the last quarter. 42.
36% of the stock is currently owned by institutional investors and hedge funds. Coty Price PerformanceNYSE COTY opened at $4.73 on Friday.
The stock has a 50-day simple moving average of $5.47 and a 200 day simple moving average of $6.79.
Coty Inc. has a twelve month low of $4.56 and a twelve month high of $11.
81. The stock has a market capitalization of $4.12 billion, a PE ratio of -472.
50, a P/E/G ratio of 0.81 and a beta of 1.75.
The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.
71. Coty (NYSE:COTY – Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.
11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11).
Coty had a net margin of 0.22% and a return on equity of 6.34%.
Research analysts anticipate that Coty Inc. will post 0.39 EPS for the current year.
Analyst Upgrades and DowngradesA number of brokerages have weighed in on COTY. Piper Sandler lowered their price objective on Coty from $9.00 to $8.
00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Morgan Stanley dropped their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price target on shares of Coty in a research note on Wednesday, February 12th.
The Goldman Sachs Group decreased their price objective on Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th.
Finally, Bank of America lowered shares of Coty from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $9.00 to $4.50 in a report on Tuesday.
Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Coty presently has an average rating of “Hold” and an average price target of $8.24.
Check Out Our Latest Analysis on COTYCoty Company 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.Featured ArticlesFive stocks we like better than CotyHow the NYSE and NASDAQ are Different, Why That Matters to InvestorsTariff Exemptions Set the Stage for a Taiwan Semiconductor RallyThere Are Different Types of Stock To Invest InMitigating Tariffs: 3 Stocks to Gain From a Weaker U.S.
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