Contrarius Group Holdings Ltd Invests $10.14 Million in Coty $COTY

Contrarius Group Holdings Ltd acquired a new stake in Coty (NYSE:COTY) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,290,733 shares of the company’s stock, valued at approximately $10,135,000. Coty comprises approximately 0.5% of Contrarius Group Holdings Ltd’s investment portfolio, making the stock its 29th biggest position. Contrarius Group Holdings Ltd owned 0.38% of Coty at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COTY. Robeco Institutional Asset Management B.V. bought a new stake in Coty in the fourth quarter valued at approximately $32,000. Cornerstone Wealth Management LLC bought a new stake in Coty in the fourth quarter valued at approximately $37,000. North Dakota State Investment Board purchased a new stake in Coty during the 4th quarter valued at $37,000. Vise Technologies Inc. purchased a new stake in Coty during the 4th quarter valued at $39,000. Finally, Objective Capital Management LLC purchased a new stake in Coty during the 4th quarter valued at $43,000. Institutional investors own 42.36% of the company’s stock.

Coty Stock Up 0.3%

Shares of NYSE COTY opened at $1.97 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. Coty has a 12 month low of $1.84 and a 12 month high of $5.34. The firm has a market capitalization of $1.73 billion, a PE ratio of -3.17, a price-to-earnings-growth ratio of 0.46 and a beta of 1.01. The firm has a fifty day simple moving average of $2.19 and a two-hundred day simple moving average of $2.66.

Coty (NYSE:COTY) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.03) EPS for the quarter. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business earned $0.01 earnings per share. 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. Equities analysts expect that Coty will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on COTY shares. Royal Bank Of Canada reissued an “outperform” rating and set a $8.00 price target on shares of Coty in a research report on Monday, May 4th. Canaccord Genuity Group set a $2.50 target price on Coty in a research note on Monday, February 9th. Weiss Ratings cut Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. Morgan Stanley set a $2.50 target price on Coty in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $2.50 target price on shares of Coty in a research note on Monday, February 9th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $3.70.

About Coty

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.