Caisse Des Depots ET Consignations Invests $19.66 Million in Coty Inc. (NYSE:COTY)

Caisse Des Depots ET Consignations bought a new stake in shares of Coty Inc. (NYSE:COTY) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,873,869 shares of the company’s stock, valued at approximately $19,663,000. Coty makes up approximately 1.0% of Caisse Des Depots ET Consignations’ holdings, making the stock its 15th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Amundi raised its holdings in shares of Coty by 1,990,624.9% during 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 during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Coty by 25.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after purchasing an additional 1,646,839 shares during the last quarter. Barclays PLC increased its position in shares of Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after acquiring an additional 693,961 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Coty by 17.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company’s stock valued at $21,815,000 after purchasing an additional 466,772 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Coty in the 4th quarter valued at about $3,030,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Stock Performance

Shares of COTY stock opened at $5.45 on Thursday. The firm has a market capitalization of $4.75 billion, a P/E ratio of -544.50, 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 $11.99. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The company’s fifty day moving average price is $6.21 and its two-hundred day moving average price is $7.27.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share 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%. On average, research analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

COTY has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their target price on Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada reissued an “outperform” rating and set a $13.00 price objective on shares of Coty in a report on Wednesday, February 12th. Barclays dropped their price target on Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI reduced their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley dropped their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.66.

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.