First Eagle Investment Management LLC Invests $303,000 in Coty Inc. (NYSE:COTY)

First Eagle Investment Management LLC acquired a new stake 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 firm acquired 43,568 shares of the company’s stock, valued at approximately $303,000.

A number of other large investors have also made changes to their positions in the stock. State Street Corp lifted its holdings in Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after purchasing an additional 251,964 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Coty by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after buying an additional 107,014 shares during the period. Barclays PLC lifted its stake 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 buying an additional 693,961 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Coty during the third quarter worth approximately $3,681,000. Finally, Thrivent Financial for Lutherans grew its stake in Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after acquiring an additional 656,952 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Piper Sandler decreased their price objective on Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Wells Fargo & Company lowered their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. DA Davidson reiterated a “buy” rating and set a $12.50 price objective on shares of Coty in a report on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Evercore ISI decreased their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Coty presently has an average rating of “Moderate Buy” and an average target price of $9.89.

Coty Stock Performance

Coty stock opened at $5.51 on Monday. Coty Inc. has a 12-month low of $5.35 and a 12-month high of $12.53. 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 has a market capitalization of $4.80 billion, a price-to-earnings ratio of -550.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. The firm’s fifty day moving average price is $6.41 and its 200 day moving average price is $7.46.

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

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.