Deutsche Bank AG Sells 55,431 Shares of Coty Inc. (NYSE:COTY)

Deutsche Bank AG decreased its holdings in shares of Coty Inc. (NYSE:COTY) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,945,713 shares of the company’s stock after selling 55,431 shares during the period. Deutsche Bank AG owned approximately 0.45% of Coty worth $27,462,000 as of its most recent SEC filing.

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

Coty Trading Up 0.2%

Shares of COTY stock opened at $5.09 on Thursday. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of -509.00, a PEG ratio of 0.81 and a beta of 1.90. The company’s fifty day simple moving average is $5.18 and its two-hundred day simple moving average is $6.33. Coty Inc. has a 1 year low of $4.46 and a 1 year high of $11.06. 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Coty had a net margin of 0.22% and a return on equity of 6.34%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the firm posted $0.05 earnings per share. Coty’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America downgraded Coty from a “buy” rating to an “underperform” rating and decreased their price target for the company from $9.00 to $4.50 in a research report on Tuesday, April 15th. Morgan Stanley decreased their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Berenberg Bank assumed coverage on shares of Coty in a report on Tuesday, March 25th. They issued a “buy” rating and a $7.50 price target on the stock. BNP Paribas downgraded shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price objective for the company. in a report on Friday, April 11th. Finally, The Goldman Sachs Group lowered their price objective on shares of Coty from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Coty has an average rating of “Hold” and a consensus target price of $7.80.

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.