Coty Inc. (NYSE:COTY) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its position in Coty Inc. (NYSE:COTY) by 64.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 214,291 shares of the company’s stock after acquiring an additional 84,298 shares during the quarter. Gotham Asset Management LLC’s holdings in Coty were worth $1,491,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in Coty by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock valued at $3,092,000 after acquiring an additional 1,472 shares in the last quarter. Stephens Inc. AR raised its holdings in Coty by 12.0% in the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock valued at $108,000 after acquiring an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Coty by 16.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock valued at $94,000 after acquiring an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Coty by 26.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock valued at $69,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after acquiring an additional 2,601 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Stock Performance

Shares of Coty stock opened at $5.05 on Friday. The firm’s fifty day simple moving average is $5.15 and its 200-day simple moving average is $6.29. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -505.00, a PEG ratio of 0.81 and a beta of 1.90. Coty Inc. has a 12 month low of $4.46 and a 12 month high of $10.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

Coty (NYSE:COTY) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts forecast that Coty Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on COTY shares. The Goldman Sachs Group reduced their target price on shares of Coty from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Piper Sandler reduced their target price on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. cut their price objective on shares of Coty from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Barclays cut their price objective on shares of Coty from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Friday, April 11th. Finally, Royal Bank of Canada cut their price objective on shares of Coty from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Two investment 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. According to data from MarketBeat, Coty presently has a consensus rating of “Hold” and an average target price of $7.80.

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.