Coty Inc. (NYSE:COTY) Shares Bought by Citigroup Inc.

Citigroup Inc. raised its position in Coty Inc. (NYSE:COTY) by 10.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 569,441 shares of the company’s stock after acquiring an additional 55,581 shares during the period. Citigroup Inc.’s holdings in Coty were worth $5,347,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in COTY. Quent Capital LLC raised its holdings in Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after purchasing an additional 4,810 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Coty by 23.8% during the 2nd quarter. Fulton Bank N.A. now owns 22,578 shares of the company’s stock worth $226,000 after buying an additional 4,340 shares in the last quarter. M&G Plc lifted its holdings in shares of Coty by 41.4% in the 2nd quarter. M&G Plc now owns 509,694 shares of the company’s stock valued at $5,097,000 after buying an additional 149,351 shares during the period. Shikiar Asset Management Inc. boosted its stake in shares of Coty by 15.2% in the second quarter. Shikiar Asset Management Inc. now owns 306,900 shares of the company’s stock valued at $3,075,000 after buying an additional 40,500 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after buying an additional 1,104 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. TD Cowen downgraded shares of Coty from a “buy” rating to a “hold” rating and cut their price target for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their price objective on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Finally, DA Davidson decreased their price target on Coty from $14.50 to $12.50 and set a “buy” rating on the stock in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.56.

Coty Stock Performance

NYSE COTY opened at $7.39 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. Coty Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $13.30. The business has a fifty day moving average of $8.02 and a 200-day moving average of $9.16. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 0.73 and a beta of 1.91.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts predict that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Coty Company 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.