Janus Henderson Group PLC increased its holdings in Coty Inc (NYSE:COTY) by 232.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 430,681 shares of the company’s stock after purchasing an additional 301,043 shares during the period. Janus Henderson Group PLC’s holdings in Coty were worth $4,952,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in COTY. Bank of New York Mellon Corp boosted its holdings in Coty by 36.4% in the 4th quarter. Bank of New York Mellon Corp now owns 33,881,957 shares of the company’s stock worth $222,265,000 after buying an additional 9,045,935 shares during the period. Norges Bank bought a new position in Coty in the 4th quarter worth approximately $36,720,000. FMR LLC boosted its holdings in Coty by 7.9% in the 4th quarter. FMR LLC now owns 63,208,973 shares of the company’s stock worth $414,651,000 after buying an additional 4,636,912 shares during the period. Contrarius Investment Management Ltd boosted its holdings in Coty by 85.1% in the 4th quarter. Contrarius Investment Management Ltd now owns 6,410,041 shares of the company’s stock worth $42,050,000 after buying an additional 2,946,600 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Coty by 57.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,578,515 shares of the company’s stock worth $49,713,000 after buying an additional 2,759,305 shares during the period. 66.05% of the stock is owned by institutional investors.
In related news, CFO Pierre-Andre Terisse acquired 152,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $11.73 per share, with a total value of $1,782,960.00. Following the acquisition, the chief financial officer now owns 152,000 shares of the company’s stock, valued at approximately $1,782,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Holdco B.V. Cottage acquired 150,000,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were bought at an average cost of $11.65 per share, with a total value of $1,747,500,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 156,499,674 shares of company stock valued at $1,823,271,995 over the last ninety days. 1.20% of the stock is currently owned by insiders.
Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Coty had a negative net margin of 13.20% and a positive return on equity of 5.78%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm earned $0.13 EPS. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, equities analysts expect that Coty Inc will post 0.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, June 5th. Coty’s dividend payout ratio is currently 72.46%.
Several research firms recently commented on COTY. ValuEngine raised shares of Coty from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Stifel Nicolaus downgraded shares of Coty from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a report on Wednesday, April 17th. Wells Fargo & Co reissued a “hold” rating and issued a $11.00 price target on shares of Coty in a report on Wednesday, May 8th. Bank of America assumed coverage on shares of Coty in a report on Thursday, May 9th. They issued a “neutral” rating and a $12.00 price target for the company. Finally, BMO Capital Markets raised their price target on shares of Coty to $15.00 and gave the company a “positive” rating in a report on Thursday, May 9th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.50.
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Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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