National Bank of Canada FI Grows Stock Holdings in Coty Inc. (NYSE:COTY)

National Bank of Canada FI increased its stake in Coty Inc. (NYSE:COTY) by 13,101.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,000 shares of the company’s stock after purchasing an additional 212,379 shares during the quarter. National Bank of Canada FI’s holdings in Coty were worth $1,489,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in COTY. Quadrature Capital Ltd purchased a new stake in Coty during the third quarter valued at $124,000. State Street Corp increased its position in shares of Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after purchasing an additional 251,964 shares during the last quarter. XTX Topco Ltd increased its position in shares of Coty by 211.6% during the 3rd quarter. XTX Topco Ltd now owns 110,810 shares of the company’s stock valued at $1,041,000 after purchasing an additional 75,247 shares during the last quarter. Barclays PLC lifted its stake in shares of Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after purchasing an additional 693,961 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in Coty during the third quarter valued at approximately $1,684,000. Institutional investors own 42.36% of the company’s stock.

Coty Price Performance

COTY stock opened at $4.68 on Wednesday. Coty Inc. has a 52 week low of $4.61 and a 52 week high of $11.81. The firm has a market capitalization of $4.08 billion, a P/E ratio of -468.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The company has a fifty day simple moving average of $5.79 and a two-hundred day simple moving average of $6.99. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley dropped 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. The Goldman Sachs Group lowered their target price on Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Piper Sandler reduced their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Barclays lowered their price objective on Coty from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.55.

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.