Clearbridge Investments LLC Has $68.38 Million Stake in Coty Inc. (NYSE:COTY)

Clearbridge Investments LLC increased its holdings in shares of Coty Inc. (NYSE:COTY) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,824,638 shares of the company’s stock after buying an additional 37,412 shares during the period. Clearbridge Investments LLC’s holdings in Coty were worth $68,379,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. State Street Corp boosted its position in shares of Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after purchasing an additional 251,964 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Coty by 25.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after buying an additional 1,646,839 shares during the last quarter. Norges Bank acquired a new position in shares of Coty during the 4th quarter worth about $44,401,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Coty by 5.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock valued at $41,270,000 after acquiring an additional 287,061 shares during the last quarter. Finally, Amundi raised its position in shares of Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after acquiring an additional 4,478,906 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COTY has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $12.50 target price on shares of Coty in a research note on Thursday, February 6th. Morgan Stanley lowered their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Piper Sandler reduced their target price on Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Stifel Nicolaus lowered their price target on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Finally, Barclays dropped their price target on Coty from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.61.

Coty Stock Performance

Shares of COTY stock opened at $5.48 on Tuesday. The firm has a market cap of $4.77 billion, a PE ratio of -547.50, a P/E/G ratio of 0.81 and a beta of 1.97. Coty Inc. has a 12 month low of $5.35 and a 12 month high of $11.91. The company’s fifty day simple moving average is $6.11 and its 200-day simple moving average is $7.18. 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 posted its quarterly earnings data 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 return on equity of 6.34% and a net margin of 0.22%. Equities research analysts expect that Coty Inc. will post 0.39 EPS for the current fiscal year.

Coty Profile

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.