LPL Financial LLC Increases Holdings in Coty Inc. (NYSE:COTY)

LPL Financial LLC lifted its holdings in shares of Coty Inc. (NYSE:COTY) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,133 shares of the company’s stock after acquiring an additional 15,300 shares during the quarter. LPL Financial LLC’s holdings in Coty were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Coty by 147.1% in 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 during the period. Virtu Financial LLC bought a new stake in Coty during the 3rd quarter valued at approximately $96,000. Tidal Investments LLC grew its holdings in shares of Coty by 26.6% during the 3rd quarter. Tidal Investments LLC now owns 201,398 shares of the company’s stock worth $1,891,000 after acquiring an additional 42,295 shares during the period. JPMorgan Chase & Co. raised its position in shares of Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock worth $6,981,000 after acquiring an additional 107,014 shares in the last quarter. Finally, Oak Thistle LLC purchased a new position in shares of Coty in the 4th quarter valued at approximately $808,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COTY. Morgan Stanley decreased their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada reissued an “outperform” rating and set a $13.00 price objective on shares of Coty in a research note on Wednesday, February 12th. Canaccord Genuity Group lowered their target price on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Stifel Nicolaus cut their price target on Coty from $8.00 to $6.50 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Finally, BNP Paribas cut Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price objective for the company. in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.24.

Coty Trading Up 1.2 %

Shares of COTY stock opened at $4.73 on Friday. The stock has a market capitalization of $4.12 billion, a P/E ratio of -472.50, a P/E/G ratio of 0.81 and a beta of 1.75. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $5.45 and its 200 day moving average is $6.74. Coty Inc. has a 12-month low of $4.56 and a 12-month high of $11.81.

Coty (NYSE:COTY) last issued its quarterly earnings data 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%. Research analysts expect that Coty Inc. will post 0.39 earnings per share for the current year.

About Coty

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.