Coty Inc. (NYSE:COTY) Shares Purchased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lifted its stake in shares of Coty Inc. (NYSE:COTY) by 12.7% during the fourth quarter, Holdings Channel reports. The firm owned 286,567 shares of the company’s stock after purchasing an additional 32,212 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in Coty were worth $1,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in Coty during the fourth quarter valued at about $44,401,000. Amundi boosted its stake in Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after purchasing an additional 4,478,906 shares during the period. Caisse Des Depots ET Consignations purchased a new position in Coty during the 4th quarter worth approximately $19,663,000. Thrivent Financial for Lutherans raised its stake in Coty by 25.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after purchasing an additional 1,646,839 shares during the period. Finally, Trexquant Investment LP lifted its holdings in shares of Coty by 224.9% in the fourth quarter. Trexquant Investment LP now owns 1,410,537 shares of the company’s stock valued at $9,817,000 after purchasing an additional 976,370 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analyst Ratings Changes

COTY has been the topic of a number of research analyst reports. Piper Sandler dropped their price target on Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Citigroup upgraded Coty from a “neutral” rating to a “buy” rating and upped their target price for the company from $7.00 to $8.00 in a report on Thursday, March 20th. DA Davidson restated a “buy” rating and set a $12.50 price target on shares of Coty in a report on Thursday, February 6th. The Goldman Sachs Group dropped their price objective on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus cut their target price on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.55.

Coty Stock Down 8.0 %

Shares of Coty stock opened at $5.20 on Friday. Coty Inc. has a 12-month low of $5.19 and a 12-month high of $11.81. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $5.99 and a two-hundred day moving average price of $7.13. The stock has a market capitalization of $4.53 billion, a P/E ratio of -519.60, a PEG ratio of 0.81 and a beta of 1.97.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Equities analysts expect that Coty Inc. will post 0.39 earnings per share for the current year.

Coty Company 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.