Coty $COTY Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in shares of Coty (NYSE:COTY) by 37.3% in the first quarter, Holdings Channel reports. The firm owned 6,187,672 shares of the company’s stock after buying an additional 1,679,632 shares during the period. Assenagon Asset Management S.A.’s holdings in Coty were worth $12,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its holdings in shares of Coty by 1,912.3% in the third quarter. Tudor Investment Corp ET AL now owns 1,600,131 shares of the company’s stock valued at $6,465,000 after purchasing an additional 1,520,615 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Coty by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock worth $152,325,000 after buying an additional 964,040 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Coty by 100.3% during the third quarter. JPMorgan Chase & Co. now owns 2,198,397 shares of the company’s stock worth $8,882,000 after purchasing an additional 1,101,090 shares during the last quarter. Norges Bank acquired a new position in shares of Coty in the 4th quarter valued at $41,867,000. Finally, ING Groep NV acquired a new position in Coty in the fourth quarter valued at $900,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Trading Up 1.9%

COTY opened at $1.92 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.82 and a debt-to-equity ratio of 0.97. The firm’s 50 day moving average is $2.14 and its 200-day moving average is $2.52. The firm has a market capitalization of $1.69 billion, a P/E ratio of -3.09, a P/E/G ratio of 0.45 and a beta of 1.00. Coty has a 52-week low of $1.84 and a 52-week high of $5.33.

Coty (NYSE:COTY) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 EPS. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Analysts expect that Coty will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

COTY has been the topic of a number of recent research reports. Morgan Stanley set a $2.50 price objective on shares of Coty in a research note on Thursday, May 7th. Barclays lowered their price target on shares of Coty from $2.50 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 14th. Citigroup raised their price objective on Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research note on Thursday, May 7th. TD Cowen lifted their target price on shares of Coty from $2.30 to $2.90 and gave the stock 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 analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $3.70.

About Coty

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.