Coty Inc. (NYSE:COTY) Holdings Raised by Banco Santander S.A.

Banco Santander S.A. grew its stake in Coty Inc. (NYSE:COTY) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,112,758 shares of the company’s stock after purchasing an additional 79,180 shares during the quarter. Coty makes up approximately 2.6% of Banco Santander S.A.’s holdings, making the stock its 6th biggest holding. Banco Santander S.A.’s holdings in Coty were worth $217,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COTY. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after buying an additional 1,104 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Coty by 10.6% in the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after purchasing an additional 1,414 shares during the period. State of Alaska Department of Revenue boosted its holdings in Coty by 3.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock valued at $397,000 after purchasing an additional 1,545 shares during the period. Blue Trust Inc. lifted its position in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares during the period. Finally, Arizona State Retirement System boosted its stake in Coty by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 112,773 shares of the company’s stock valued at $1,130,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analysts Set New Price Targets

COTY has been the topic of several research analyst reports. Jefferies Financial Group decreased their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. Stifel Nicolaus reduced their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, October 15th. Wells Fargo & Company cut their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Finally, Raymond James dropped their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.56.

Coty Price Performance

COTY opened at $7.17 on Thursday. The stock has a market capitalization of $6.24 billion, a P/E ratio of 41.97, a PEG ratio of 0.70 and a beta of 1.91. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. Coty Inc. has a 12-month low of $6.93 and a 12-month high of $13.30. The stock has a 50-day moving average price of $8.28 and a 200-day moving average price of $9.35.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. Equities analysts predict that Coty Inc. will post 0.51 earnings per share for the current fiscal 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.