Coty Inc. (NYSE:COTY) Shares Purchased by Lazard Freres Gestion S.A.S.

Lazard Freres Gestion S.A.S. increased its holdings in shares of Coty Inc. (NYSE:COTY) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 48,290 shares of the company’s stock after buying an additional 6,290 shares during the period. Lazard Freres Gestion S.A.S.’s holdings in Coty were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its holdings in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after purchasing an additional 3,186 shares during the last quarter. Allworth Financial LP boosted its holdings in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares during the last quarter. Blue Trust Inc. boosted its holdings in Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after purchasing an additional 3,877 shares during the last quarter. R Squared Ltd acquired a new position in Coty in the 4th quarter valued at about $54,000. Finally, US Bancorp DE boosted its holdings in Coty by 116.0% in the 4th quarter. US Bancorp DE now owns 9,473 shares of the company’s stock valued at $66,000 after purchasing an additional 5,088 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Stock Performance

Shares of COTY opened at $5.54 on Thursday. The company has a 50-day simple moving average of $6.47 and a 200-day simple moving average of $7.53. 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 company has a market capitalization of $4.83 billion, a PE ratio of -553.50, a P/E/G ratio of 0.81 and a beta of 1.97. Coty Inc. has a 52-week low of $5.35 and a 52-week high of $12.80.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on COTY. The Goldman Sachs Group decreased their target price on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Piper Sandler reduced their price target on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Morgan Stanley reduced their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price target on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Coty currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.89.

About Coty

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.