Mitsubishi UFJ Asset Management Co. Ltd. Increases Stake in Coty Inc. (NYSE:COTY)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Coty Inc. (NYSE:COTY) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 993,078 shares of the company’s stock after buying an additional 59,568 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Coty were worth $6,763,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of COTY. Charles Schwab Investment Management Inc. lifted its stake in shares of Coty by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,901,380 shares of the company’s stock valued at $27,244,000 after purchasing an additional 14,075 shares during the period. Citigroup Inc. boosted its holdings in shares of Coty by 10.8% during the 3rd quarter. Citigroup Inc. now owns 569,441 shares of the company’s stock valued at $5,347,000 after buying an additional 55,581 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Coty during the 3rd quarter valued at $109,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Coty by 199.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 45,642 shares of the company’s stock worth $429,000 after acquiring an additional 30,377 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in Coty during the 3rd quarter valued at about $1,182,000. 42.36% of the stock is owned by institutional investors.

Coty Price Performance

Shares of NYSE:COTY opened at $5.48 on Tuesday. The firm’s 50 day simple moving average is $6.11 and its two-hundred day simple moving average is $7.18. The company has a market capitalization of $4.77 billion, a P/E ratio of -547.50, a P/E/G ratio of 0.81 and a beta of 1.97. Coty Inc. has a 1-year low of $5.35 and a 1-year high of $11.91. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. DA Davidson reaffirmed a “buy” rating and set a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Stifel Nicolaus dropped their target price on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Berenberg Bank began coverage on Coty in a report on Tuesday, March 25th. They set a “buy” rating and a $7.50 price target for the company. Finally, Barclays lowered their price target on Coty from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Coty has a consensus rating of “Moderate Buy” and an average price target of $9.61.

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.