Norges Bank Makes New $41.87 Million Investment in Coty $COTY

Norges Bank purchased a new position in Coty (NYSE:COTY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,593,175 shares of the company’s stock, valued at approximately $41,867,000.

Other hedge funds have also added to or reduced their stakes in the company. Shay Capital LLC bought a new stake in Coty in the second quarter worth $46,000. FORA Capital LLC bought a new stake in Coty in the second quarter worth $47,000. Robeco Institutional Asset Management B.V. bought a new stake in Coty in the fourth quarter worth $32,000. Vident Advisory LLC bought a new stake in Coty in the second quarter worth $50,000. Finally, United Capital Financial Advisors LLC bought a new stake in Coty in the third quarter worth $43,000. 42.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COTY has been the subject of several recent research reports. Barclays lowered their price objective on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, April 14th. Citigroup boosted their price objective on Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $8.00 price objective on shares of Coty in a research report on Monday, May 4th. TD Cowen boosted their price objective on Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $3.70.

Coty Price Performance

COTY stock opened at $1.94 on Tuesday. The firm has a 50-day moving average of $2.18 and a 200 day moving average of $2.65. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49. The company has a market cap of $1.70 billion, a P/E ratio of -3.12, a PEG ratio of 0.46 and a beta of 1.01. Coty has a 1 year low of $1.84 and a 1 year high of $5.34.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.Coty’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. On average, sell-side analysts forecast that Coty will post 0.22 EPS for the current year.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.