Banco Santander S.A. Buys 79,180 Shares of Coty Inc. (NYSE:COTY)

Banco Santander S.A. grew its position in Coty Inc. (NYSE:COTY) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,112,758 shares of the company’s stock after purchasing an additional 79,180 shares during the period. Coty comprises approximately 2.6% of Banco Santander S.A.’s holdings, making the stock its 6th biggest holding. Banco Santander S.A. owned about 2.66% of Coty worth $217,029,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COTY. Dimensional Fund Advisors LP increased its position in shares of Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after acquiring an additional 890,626 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Coty by 11.3% in the third quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after acquiring an additional 656,952 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after buying an additional 1,687,045 shares during the last quarter. Point72 Asset Management L.P. raised its position in Coty by 789.3% in the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after purchasing an additional 4,954,362 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Coty by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,071,969 shares of the company’s stock valued at $30,781,000 after acquiring an additional 79,627 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COTY has been the topic of a number of recent research reports. DA Davidson cut their target price on Coty from $14.50 to $12.50 and set a “buy” rating on the stock in a report on Monday, November 11th. Stifel Nicolaus lowered their price target on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. Barclays downgraded shares of Coty from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. Citigroup cut their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Finally, Jefferies Financial Group lowered their price target on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Coty has a consensus rating of “Moderate Buy” and an average target price of $11.56.

Coty Stock Up 0.4 %

Shares of NYSE COTY opened at $7.17 on Thursday. Coty Inc. has a 12-month low of $6.93 and a 12-month high of $13.30. The stock has a market cap of $6.24 billion, a P/E ratio of 41.97, a PEG ratio of 0.70 and a beta of 1.91. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $8.28 and its 200-day simple moving average is $9.35.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. As a group, equities analysts predict that Coty Inc. will post 0.51 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.