Retirement Systems of Alabama boosted its stake in Coty Inc (NYSE:COTY) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,893 shares of the company’s stock after purchasing an additional 2,154 shares during the quarter. Retirement Systems of Alabama’s holdings in Coty were worth $2,414,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC boosted its holdings in Coty by 7.9% in the fourth quarter. FMR LLC now owns 63,208,973 shares of the company’s stock worth $414,651,000 after acquiring an additional 4,636,912 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Coty by 36.4% in the fourth quarter. Bank of New York Mellon Corp now owns 33,881,957 shares of the company’s stock worth $222,265,000 after purchasing an additional 9,045,935 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Coty by 57.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,578,515 shares of the company’s stock worth $49,713,000 after purchasing an additional 2,759,305 shares during the last quarter. MSD Partners L.P. raised its stake in shares of Coty by 15.7% in the fourth quarter. MSD Partners L.P. now owns 6,750,297 shares of the company’s stock worth $44,282,000 after purchasing an additional 913,572 shares during the last quarter. Finally, Contrarius Investment Management Ltd raised its stake in shares of Coty by 85.1% in the fourth quarter. Contrarius Investment Management Ltd now owns 6,410,041 shares of the company’s stock worth $42,050,000 after purchasing an additional 2,946,600 shares during the last quarter. Institutional investors and hedge funds own 66.05% of the company’s stock.
In related news, major shareholder Holdco B.V. Cottage acquired 150,000,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were acquired at an average cost of $11.65 per share, for a total transaction of $1,747,500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Harf acquired 4,675,301 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were bought at an average price of $11.66 per share, for a total transaction of $54,514,009.66. Following the completion of the transaction, the director now owns 140,000 shares of the company’s stock, valued at $1,632,400. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 156,499,674 shares of company stock valued at $1,823,271,995. Corporate insiders own 1.20% of the company’s stock.
Shares of NYSE COTY traded down $0.39 during mid-day trading on Wednesday, reaching $13.12. The company’s stock had a trading volume of 11,971,998 shares, compared to its average volume of 15,580,519. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 3.09 and a beta of 0.88. The company has a quick ratio of 0.62, a current ratio of 0.95 and a debt-to-equity ratio of 1.00. Coty Inc has a 52 week low of $5.91 and a 52 week high of $14.87.
Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. Coty had a positive return on equity of 5.78% and a negative net margin of 13.20%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. Research analysts expect that Coty Inc will post 0.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Wednesday, June 5th. Coty’s dividend payout ratio (DPR) is 72.46%.
Several research analysts have recently weighed in on the company. ValuEngine upgraded Coty from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Jefferies Financial Group set a $11.00 price objective on Coty and gave the company a “hold” rating in a research report on Wednesday, March 27th. BMO Capital Markets upped their price objective on Coty to $15.00 and gave the company a “positive” rating in a research report on Thursday, May 9th. Finally, Stifel Nicolaus cut Coty from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a research report on Wednesday, April 17th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.50.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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