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

Contrarius Group Holdings Ltd bought a new position in Coty (NYSE:COTY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,290,733 shares of the company’s stock, valued at approximately $10,135,000. Coty accounts for about 0.5% of Contrarius Group Holdings Ltd’s holdings, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Coty in the 4th quarter worth about $32,000. Cornerstone Wealth Management LLC bought a new position in shares of Coty during the fourth quarter valued at approximately $37,000. North Dakota State Investment Board bought a new position in shares of Coty during the fourth quarter valued at approximately $37,000. Vise Technologies Inc. bought a new position in shares of Coty during the fourth quarter valued at approximately $39,000. Finally, Objective Capital Management LLC bought a new position in shares of Coty during the fourth quarter valued at approximately $43,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Trading Up 0.3%

NYSE:COTY opened at $1.97 on Monday. The company’s 50 day moving average price is $2.19 and its 200-day moving average price is $2.66. Coty has a 52 week low of $1.84 and a 52 week high of $5.34. The company has a quick ratio of 0.49, a current ratio of 0.82 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -3.17, a PEG ratio of 0.46 and a beta of 1.01.

Coty (NYSE:COTY) last posted its earnings results on Tuesday, May 5th. The company reported ($0.03) EPS for the quarter. The business had revenue of $1.28 billion during 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 firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. On average, equities research analysts forecast that Coty will post 0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COTY. Barclays decreased their target price on shares of 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 reiterated a “neutral” rating and set a $2.50 price objective on shares of 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. Canaccord Genuity Group set a $2.50 price objective on Coty in a research note on Monday, February 9th. Finally, Morgan Stanley set a $2.50 price objective on Coty in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $3.70.

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.