Lazard Freres Gestion S.A.S. Acquires 6,290 Shares of Coty Inc. (NYSE:COTY)

Lazard Freres Gestion S.A.S. increased its holdings in shares of Coty Inc. (NYSE:COTY) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,290 shares of the company’s stock after purchasing an additional 6,290 shares during the period. Lazard Freres Gestion S.A.S.’s holdings in Coty were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Swiss National Bank boosted its stake in shares of Coty by 0.7% during the fourth quarter. Swiss National Bank now owns 768,101 shares of the company’s stock valued at $5,346,000 after purchasing an additional 5,700 shares in the last quarter. AlphaQuest LLC acquired a new stake in Coty in the fourth quarter valued at approximately $328,000. Kendall Capital Management acquired a new stake in Coty in the fourth quarter valued at approximately $118,000. Amundi boosted its stake in Coty by 1,990,624.9% in the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Coty in the fourth quarter valued at approximately $3,030,000. 42.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on COTY shares. Royal Bank of Canada restated an “outperform” rating and issued a $13.00 target price on shares of Coty in a research note on Wednesday, February 12th. Stifel Nicolaus lowered their target price on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Canaccord Genuity Group lowered their target price on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Evercore ISI lowered their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company 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 note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.89.

Coty Stock Down 2.7 %

COTY stock opened at $5.54 on Thursday. The stock has a market capitalization of $4.83 billion, a P/E ratio of -553.50, a P/E/G ratio of 0.81 and a beta of 1.97. The firm has a 50-day simple moving average of $6.47 and a 200-day simple moving average of $7.53. 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 Inc. has a 52 week low of $5.35 and a 52 week high of $12.80.

Coty (NYSE:COTY) last released its earnings results 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 analysts forecast that Coty Inc. will post 0.39 earnings per share 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.