Mirae Asset Global Investments Co. Ltd. Trims Holdings in Coty Inc. (NYSE:COTY)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Coty Inc. (NYSE:COTY – Get Rating) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 991,097 shares of the company’s stock after selling 305,739 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.12% of Coty worth $8,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of COTY. BlackRock Inc. increased its stake in shares of Coty by 1.2% during the third quarter. BlackRock Inc. now owns 52,307,085 shares of the company’s stock valued at $330,581,000 after buying an additional 599,631 shares during the period. Vanguard Group Inc. increased its stake in shares of Coty by 2.4% during the third quarter. Vanguard Group Inc. now owns 38,323,086 shares of the company’s stock valued at $242,202,000 after buying an additional 883,215 shares during the period. Clearbridge Investments LLC increased its stake in shares of 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 buying an additional 9,311,527 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Coty by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,742,363 shares of the company’s stock valued at $83,397,000 after buying an additional 267,130 shares during the period. Finally, State Street Corp boosted its position in Coty by 3.7% during the third quarter. State Street Corp now owns 9,274,166 shares of the company’s stock valued at $58,613,000 after purchasing an additional 330,308 shares in the last quarter. Hedge funds and other institutional investors own 37.10% of the company’s stock.

Coty Price Performance

Shares of NYSE COTY opened at $11.24 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.40 and a current ratio of 0.69. The company has a market cap of $9.59 billion, a PE ratio of 56.20, a P/E/G ratio of 1.35 and a beta of 1.85. The business has a 50-day simple moving average of $11.69 and a two-hundred day simple moving average of $10.04. Coty Inc. has a fifty-two week low of $5.90 and a fifty-two week high of $12.64.

Coty (NYSE:COTY – Get Rating) last released its earnings results on Tuesday, May 9th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.16. Coty had a return on equity of 12.81% and a net margin of 3.55%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts expect that Coty Inc. will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on COTY shares. Barclays raised their price objective on Coty from $11.00 to $12.00 in a research report on Thursday, May 11th. Raymond James raised their price objective on Coty from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, April 20th. Citigroup started coverage on Coty in a research report on Thursday, February 16th. They set a “neutral” rating and a $15.00 price objective on the stock. Piper Sandler raised their price objective on Coty from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, March 23rd. Finally, Stifel Nicolaus raised their price objective on Coty from $11.00 to $12.00 in a research report on Wednesday, May 10th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coty currently has a consensus rating of “Moderate Buy” and an average price target of $12.44.

Coty Company Profile

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.