1,865,023 Shares in Coty Inc. (NYSE:COTY) Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. acquired a new stake in shares of Coty Inc. (NYSE:COTY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,865,023 shares of the company’s stock, valued at approximately $12,981,000. D. E. Shaw & Co. Inc. owned approximately 0.21% of Coty as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its position in shares of Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after acquiring an additional 3,186 shares in the last quarter. Allworth Financial LP boosted its stake in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after purchasing an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after purchasing an additional 2,601 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Coty during the fourth quarter valued at $54,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on COTY. BNP Paribas lowered Coty from an “outperform” rating to a “neutral” rating and set a $5.65 target price for the company. in a research report on Friday, April 11th. DA Davidson reissued a “buy” rating and set a $12.50 price objective on shares of Coty in a report on Thursday, February 6th. Berenberg Bank assumed coverage on shares of Coty in a report on Tuesday, March 25th. They issued a “buy” rating and a $7.50 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Finally, Evercore ISI lowered their price target on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.80.

Coty Price Performance

Shares of NYSE:COTY opened at $5.09 on Wednesday. The company has a market capitalization of $4.44 billion, a P/E ratio of -509.00, a P/E/G ratio of 0.81 and a beta of 1.90. Coty Inc. has a 1-year low of $4.46 and a 1-year high of $11.31. The firm’s 50 day simple moving average is $5.21 and its two-hundred day simple moving average is $6.35. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

Coty (NYSE:COTY) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. Research analysts expect 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.