Coty Inc. (NYSE:COTY) Stake Raised by Deutsche Bank AG

Posted by on Jun 11th, 2023

Deutsche Bank AG boosted its holdings in Coty Inc. (NYSE:COTY – Get Rating) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,365,535 shares of the company’s stock after acquiring an additional 1,330,975 shares during the quarter. Deutsche Bank AG owned about 0.76% of Coty worth $54,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COTY. JPMorgan Chase & Co. increased its stake in Coty by 3.4% in the 1st quarter. JPMorgan Chase & Co. now owns 653,229 shares of the company’s stock worth $5,872,000 after purchasing an additional 21,444 shares in the last quarter. Raymond James & Associates increased its stake in Coty by 5.6% in the 1st quarter. Raymond James & Associates now owns 352,441 shares of the company’s stock worth $3,168,000 after purchasing an additional 18,705 shares in the last quarter. Citigroup Inc. increased its stake in Coty by 19.2% in the 1st quarter. Citigroup Inc. now owns 166,285 shares of the company’s stock worth $1,495,000 after purchasing an additional 26,781 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Coty by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,652 shares of the company’s stock worth $150,000 after purchasing an additional 1,816 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Coty by 36.8% in the 1st quarter. MetLife Investment Management LLC now owns 222,521 shares of the company’s stock worth $2,000,000 after purchasing an additional 59,897 shares in the last quarter. 37.10% of the stock is currently owned by institutional investors.

Coty Stock Up 0.1 %

Shares of Coty stock opened at $11.81 on Friday. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 59.05, a P/E/G ratio of 1.41 and a beta of 1.88. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.69 and a quick ratio of 0.40. Coty Inc. has a 52-week low of $6.19 and a 52-week high of $12.64. The stock has a 50-day simple moving average of $11.66 and a 200-day simple moving average of $10.44.

Coty (NYSE:COTY – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.16. Coty had a return on equity of 12.81% and a net margin of 3.55%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $0.03 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Coty Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com raised Coty from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Coty from $12.00 to $13.00 in a research note on Tuesday, May 2nd. Raymond James lifted their target price on Coty from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, April 20th. Wells Fargo & Company lifted their target price on Coty from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 22nd. Finally, Barclays lifted their target price on Coty from $11.00 to $12.00 in a research note on Thursday, May 11th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Coty currently has an average rating of “Moderate Buy” and a consensus price target of $12.44.

Coty Profile

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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 products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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