ING Groep NV Makes New Investment in Coty $COTY

ING Groep NV purchased a new position in shares of Coty (NYSE:COTY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 292,100 shares of the company’s stock, valued at approximately $900,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. purchased a new position in Coty during the 4th quarter worth $32,000. Cornerstone Wealth Management LLC purchased a new stake in Coty in the fourth quarter valued at about $37,000. North Dakota State Investment Board acquired a new stake in Coty in the fourth quarter worth about $37,000. Vise Technologies Inc. purchased a new stake in shares of Coty during the fourth quarter worth about $39,000. Finally, Objective Capital Management LLC purchased a new stake in shares of Coty during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Trading Down 0.2%

NYSE COTY opened at $2.01 on Thursday. Coty has a 1 year low of $1.84 and a 1 year high of $5.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49. The company has a market capitalization of $1.77 billion, a PE ratio of -3.23, a P/E/G ratio of 0.47 and a beta of 1.00. The company has a fifty day moving average of $2.18 and a 200 day moving average of $2.63.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup increased their price objective on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Barclays dropped their target price on shares of Coty from $2.50 to $2.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley set a $2.50 price target on shares of Coty in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $8.00 price objective on shares of Coty in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $3.70.

Coty Company 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.