Norges Bank Acquires Shares of 13,593,175 Coty $COTY

Norges Bank acquired a new stake in Coty (NYSE:COTY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,593,175 shares of the company’s stock, valued at approximately $41,867,000. Norges Bank owned 1.55% of Coty at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Coty during the 4th quarter valued at approximately $32,000. Cornerstone Wealth Management LLC bought a new position in shares of Coty during the 4th quarter valued at approximately $37,000. North Dakota State Investment Board bought a new position in shares of Coty during the 4th quarter valued at approximately $37,000. Objective Capital Management LLC bought a new position in shares of Coty during the 4th quarter valued at approximately $43,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Coty during the 3rd quarter worth $43,000. 42.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COTY has been the subject of several research reports. Barclays cut their price target on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $2.50 target price on shares of Coty in a research note on Monday, February 9th. Morgan Stanley set a $2.50 price target on shares of Coty in a report on Thursday, May 7th. TD Cowen raised their price target on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $8.00 price target on shares of Coty in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $3.70.

Coty Stock Performance

NYSE COTY opened at $1.94 on Tuesday. Coty has a 52-week low of $1.84 and a 52-week high of $5.34. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82. The company has a market capitalization of $1.70 billion, a P/E ratio of -3.12, a P/E/G ratio of 0.46 and a beta of 1.01. The company has a fifty day moving average of $2.18 and a 200-day moving average of $2.65.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 earnings per share. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. As a group, equities research analysts predict that Coty will post 0.22 EPS for the current fiscal year.

Coty Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.