Scotia Capital Inc. Takes $70,000 Position in Coty Inc. (NYSE:COTY)

Scotia Capital Inc. acquired a new position in shares of Coty Inc. (NYSE:COTY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its position in shares of Coty by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock worth $3,092,000 after purchasing an additional 1,472 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Coty by 12.0% in the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock valued at $108,000 after purchasing an additional 1,672 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Coty by 16.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock worth $94,000 after buying an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp grew its position in Coty by 26.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after buying an additional 2,110 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after buying an additional 2,601 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

Shares of NYSE:COTY opened at $4.76 on Wednesday. The company has a market cap of $4.15 billion, a P/E ratio of -475.50, a P/E/G ratio of 0.81 and a beta of 1.75. The business has a fifty day simple moving average of $5.56 and a 200-day simple moving average of $6.84. Coty Inc. has a 52 week low of $4.61 and a 52 week high of $11.81. 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 results on Monday, February 10th. The company reported $0.11 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%. Equities research analysts forecast that Coty Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on COTY. Morgan Stanley decreased their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Citigroup upgraded Coty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $8.00 in a research report on Thursday, March 20th. Wells Fargo & Company dropped their price target on Coty from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group decreased their price objective on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Finally, Piper Sandler dropped their target price on shares of Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.30.

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.