Thompson Siegel & Walmsley LLC raised its stake in Coty (NYSE:COTY – Free Report) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,252,655 shares of the company’s stock after buying an additional 481,656 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Coty were worth $10,018,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Coty by 8.2% during the 1st quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock worth $702,000 after purchasing an additional 9,700 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Coty during the 1st quarter worth about $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Coty by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock worth $7,101,000 after purchasing an additional 86,534 shares in the last quarter. Focus Partners Wealth acquired a new stake in Coty in the 1st quarter valued at about $73,000. Finally, Prudential Financial Inc. boosted its stake in shares of Coty by 17.1% in the 2nd quarter. Prudential Financial Inc. now owns 39,844 shares of the company’s stock valued at $185,000 after purchasing an additional 5,810 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.
Insider Activity at Coty
In related news, insider Bretten Gordon Von bought 83,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $2.41 per share, with a total value of $200,030.00. Following the completion of the acquisition, the insider owned 986,620 shares of the company’s stock, valued at $2,377,754.20. The trade was a 9.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.90% of the company’s stock.
Coty Trading Down 3.5%
Coty (NYSE:COTY – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company earned $0.01 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. As a group, sell-side analysts anticipate that Coty will post 0.22 earnings per share for the current year.
Wall Street Analyst Weigh In
COTY has been the topic of several recent research reports. TD Cowen raised their target price on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research note on Thursday, May 7th. Canaccord Genuity Group set a $2.50 price objective on shares of Coty in a research note on Monday, February 9th. Morgan Stanley set a $2.50 price target on shares of Coty in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Finally, Citigroup boosted their target price on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $3.70.
Check Out Our Latest Report on COTY
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.
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