Mercer Global Advisors Inc. ADV Purchases Shares of 12,779 Coty Inc. (NYSE:COTY)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Coty Inc. (NYSE:COTY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,779 shares of the company’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jump Financial LLC purchased a new position in shares of Coty during the 4th quarter worth approximately $873,000. Barclays PLC grew its holdings in shares of 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 acquiring an additional 693,961 shares during the period. Amundi grew its holdings in shares of Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after acquiring an additional 4,478,906 shares during the period. TCW Group Inc. grew its holdings in shares of Coty by 44.1% during the 4th quarter. TCW Group Inc. now owns 304,797 shares of the company’s stock worth $2,121,000 after acquiring an additional 93,229 shares during the period. Finally, Entropy Technologies LP grew its holdings in shares of Coty by 137.4% during the 4th quarter. Entropy Technologies LP now owns 104,349 shares of the company’s stock worth $726,000 after acquiring an additional 60,400 shares during the period. Institutional investors own 42.36% of the company’s stock.

Wall Street Analysts Forecast Growth

COTY has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their target price on Coty from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Raymond James downgraded Coty from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 17th. Berenberg Bank assumed coverage on Coty in a research note on Tuesday, March 25th. They issued a “buy” rating and a $7.50 price target on the stock. 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, Morgan Stanley cut their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.80.

Coty Stock Performance

Shares of COTY opened at $5.05 on Friday. The business’s fifty day simple moving average is $5.15 and its two-hundred day simple moving average is $6.29. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. Coty Inc. has a 12 month low of $4.46 and a 12 month high of $10.80. The company has a market cap of $4.40 billion, a price-to-earnings ratio of -505.00, a P/E/G ratio of 0.81 and a beta of 1.90.

Coty (NYSE:COTY) last issued its earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. Research analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Coty Profile

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.