Fulton Bank N.A. Purchases 4,340 Shares of Coty Inc. (NYSE:COTY)

Fulton Bank N.A. lifted its position in shares of Coty Inc. (NYSE:COTY) by 23.8% during the second quarter, Holdings Channel reports. The firm owned 22,578 shares of the company’s stock after acquiring an additional 4,340 shares during the period. Fulton Bank N.A.’s holdings in Coty were worth $226,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Coty in the fourth quarter worth about $67,193,000. Sea Cliff Partners Management LP bought a new stake in Coty in the fourth quarter worth about $24,803,000. Prevatt Capital Ltd bought a new stake in Coty in the fourth quarter worth about $19,251,000. Vaughan Nelson Investment Management L.P. raised its position in Coty by 78.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock worth $37,972,000 after acquiring an additional 1,395,230 shares during the period. Finally, FIL Ltd raised its position in Coty by 10.6% in the fourth quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock worth $178,171,000 after acquiring an additional 1,375,857 shares during the period. 42.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America reduced their target price on shares of Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Piper Sandler reduced their target price on shares of Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Canaccord Genuity Group assumed coverage on shares of Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 target price for the company. TD Cowen reduced their target price on shares of Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Barclays reduced their target price on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $12.94.

Coty Price Performance

NYSE:COTY traded up $0.12 during mid-day trading on Tuesday, hitting $9.30. 3,512,110 shares of the stock traded hands, compared to its average volume of 3,849,895. The business’s 50-day moving average price is $9.92 and its 200 day moving average price is $11.08. The company has a market cap of $8.07 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 3.31 and a beta of 1.91. Coty Inc. has a 12-month low of $8.79 and a 12-month high of $13.30. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last announced its earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coty had a net margin of 3.59% and a return on equity of 8.75%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts expect that Coty Inc. will post 0.44 EPS for the current fiscal year.

Coty Profile

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.