Edmond DE Rothschild Holding S.A. Acquires 370,000 Shares of Coty Inc. (NYSE:COTY)

Edmond DE Rothschild Holding S.A. lifted its stake in Coty Inc. (NYSE:COTY) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,522,401 shares of the company’s stock after purchasing an additional 370,000 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.40% of Coty worth $24,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COTY. Steward Partners Investment Advisory LLC boosted its holdings in Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after buying an additional 3,186 shares during the last quarter. Allworth Financial LP boosted its stake in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares during the last quarter. Blue Trust Inc. boosted its stake in Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after acquiring an additional 3,877 shares during the last quarter. R Squared Ltd bought a new stake in Coty in the fourth quarter valued at approximately $54,000. Finally, US Bancorp DE raised its holdings in Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after purchasing an additional 5,088 shares during the period. 42.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COTY has been the subject of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price target on shares of Coty in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Piper Sandler cut 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. Citigroup upgraded Coty from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $7.00 to $8.00 in a research report on Thursday, March 20th. Finally, Evercore ISI cut their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Coty currently has a consensus rating of “Moderate Buy” and an average target price of $9.61.

Coty Stock Performance

COTY opened at $5.45 on Monday. The business’s 50-day simple moving average is $6.14 and its 200 day simple moving average is $7.21. Coty Inc. has a 52-week low of $5.35 and a 52-week high of $11.91. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The firm has a market capitalization of $4.75 billion, a PE ratio of -544.50, a PEG ratio of 0.81 and a beta of 1.97.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, sell-side analysts expect that Coty Inc. will post 0.39 earnings per share for the current fiscal 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.