Natixis Advisors L.P. Grows Position in Coty Inc. (NYSE:COTY)

Posted by on Apr 11th, 2023

Natixis Advisors L.P. raised its position in shares of Coty Inc. (NYSE:COTY – Get Rating) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,110,576 shares of the company’s stock after acquiring an additional 289,100 shares during the period. Natixis Advisors L.P. owned approximately 0.25% of Coty worth $18,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of COTY. PFS Investments Inc. raised its stake in Coty by 8.9% during the third quarter. PFS Investments Inc. now owns 18,685 shares of the company’s stock valued at $118,000 after purchasing an additional 1,526 shares in the last quarter. Securian Asset Management Inc. grew its position in Coty by 5.0% in the third quarter. Securian Asset Management Inc. now owns 32,951 shares of the company’s stock worth $208,000 after acquiring an additional 1,584 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Coty by 1.7% during the third quarter. Tower Research Capital LLC TRC now owns 102,716 shares of the company’s stock worth $649,000 after acquiring an additional 1,747 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Coty by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,652 shares of the company’s stock valued at $150,000 after purchasing an additional 1,816 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Coty by 0.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 289,713 shares of the company’s stock worth $1,831,000 after purchasing an additional 1,871 shares during the period. 37.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Coty from $11.00 to $12.00 in a research report on Thursday, February 9th. Raymond James increased their price objective on shares of Coty from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. DA Davidson restated a “buy” rating and set a $13.00 target price on shares of Coty in a research report on Wednesday, February 22nd. JPMorgan Chase & Co. upped their price target on shares of Coty from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, February 13th. Finally, Piper Sandler lifted their target price on Coty from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, March 23rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.93.

Coty Trading Up 1.1 %

Shares of NYSE COTY opened at $11.77 on Tuesday. Coty Inc. has a 1-year low of $5.90 and a 1-year high of $12.22. The business has a fifty day moving average price of $11.16 and a 200 day moving average price of $8.98. The stock has a market capitalization of $10.04 billion, a P/E ratio of 84.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.86. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.65 and a quick ratio of 0.41.

Coty (NYSE:COTY – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. Coty had a net margin of 2.51% and a return on equity of 8.83%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts expect that Coty Inc. will post 0.37 EPS for the current fiscal year.

Coty Company Profile

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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