Great West Life Assurance Co. Can boosted its holdings in shares of Coty Inc. (NYSE:COTY – Get Rating) by 18.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 253,071 shares of the company’s stock after acquiring an additional 39,826 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Coty were worth $1,599,000 at the end of the most recent reporting period.

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Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Coty in the second quarter valued at approximately $179,000. LLC raised its position in shares of Coty by 46.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,308 shares of the company’s stock valued at $275,000 after purchasing an additional 10,804 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Coty by 103.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 89,093 shares of the company’s stock valued at $563,000 after purchasing an additional 45,235 shares during the period. 11.2% in the second quarter. Franklin Resources Inc. now owns 113,277 shares of the company’s stock valued at $907,000 after purchasing an additional 11,401 shares during the period. Finally, Edmond DE Rothschild Holding SA raised its position in shares of Coty by 17.2% in the second quarter. Edmond DE Rothschild Holding SA now owns 2,722,505 shares of the company’s stock valued at $21,807,000 after purchasing an additional 400,000 shares during the period. Institutional investors own 37.10% of the company’s stock.

Coty Stock Down 1.0 %

COTY opened at $9.86 on Monday. Coty Inc. has a fifty-two week low of $5.90 and a fifty-two week high of $10.02. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.70 and a quick ratio of 0.44. The firm’s fifty day moving average price is $8.55 and its two-hundred day moving average price is $7.72. The company has a market capitalization of $8.27 billion, a P/E ratio of 98.60, a P/E/G ratio of 2.17 and a beta of 1.83.

Coty (NYSE:COTY – Get Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Coty had a net margin of 2.92% and a return on equity of 9.47%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company earned $0.08 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts anticipate that Coty Inc. will post 0.32 EPS for the current year.

Insider Activity

In other news, Director Olivier Goudet bought 100,000 shares of Coty stock in a transaction dated Tuesday, November 15th. The shares were bought at an average price of $7.61 per share, for a total transaction of $761,000.00. Following the purchase, the directions now 1,039,129 shares of the company’s stock, valued at $7,907,771.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COTY has been the topic of a number of recent analyst reports. Raymond James lifted their price target on shares of Coty from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coty from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, December 6th. DA Davidson raised their price objective on shares of Coty from $10.50 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, November 10th. Piper Sandler upgraded shares of Coty from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $8.00 to $10.00 in a research note on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Coty from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, January 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.08.

Coty 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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