Dynamo Internacional Gestão de Re recently announced the acquisition of new stake in Natura &Co Holding S.A. (NYSE:NTCO). The institutional investor has increased its shareholding in the Consumer Defensive company by 16.95% to 26.66 million shares with purchase of 3.87 million shares. This fresh investment now brings its stake to 3.86% valued currently at $156.25 million. In addition, Parametric Portfolio Associates L raised its holdings by 93857.0 to 0.76 million shares. And Aperio Group LLC has lifted its position by 2.41% or 16577.0 shares – to 0.7 million shares.
With over 2.53 million Natura &Co Holding S.A. (NTCO) shares trading Tuesday and a closing price of $4.71 on the day, the dollar volume was approximately $11.93 million. The shares have shown a negative half year performance of -28.74% and its price on 03/14/23 lost nearly -15.74%. Currently, there are 689.79M common shares owned by the public and among those 689.79M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for NTCO have a consensus price objective of $6.43. The analysts have set the share’s price value over the next 12 months at a high of $8.60 and a low of $4.32. The average price target is 30.84% above its recent price level and a downside to the estimated low will see the stock lose -9.03% over that period. But an upside of 45.23% will see the stock hit the forecast high price target while median target price for the stock is $6.64.
The top 3 mutual fund holders in Natura &Co Holding S.A. are Ascese Fundo de Investimentos em, Aviva Invs. – Global Emerging Mar, and Dolmen Green Effects. Ascese Fundo de Investimentos em owns 0.38 million shares of the company’s stock, all valued at over $2.2 million. Aviva Invs. – Global Emerging Mar bought 65046.0 shares to see its total holdings expand to 0.32 million shares valued at over $1.85 million and representing 0.05% of the shares outstanding. Dolmen Green Effects now owns shares totaling to 0.04% of the shares outstanding.
Shares of Natura &Co Holding S.A. (NYSE: NTCO) opened at $5.01, down -$0.58 from a prior closing price of $5.59. However, the script later moved the day high at 5.0200, down -15.74%. The company’s stock has a 5-day price change of -19.62% and 7.05% over the past three months. NTCO shares are trading 8.78% year to date (YTD), with the 12-month market performance down to -44.00% lower. It has a 12-month low price of $3.61 and touched a high of $12.34 over the same period. NTCO has an average intraday trading volume of 718.43K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.94%, -10.94%, and -13.73% respectively.
Institutional ownership of Natura &Co Holding S.A. (NYSE: NTCO) shares accounts for 5.94% of the company’s 689.79M shares outstanding. Mutual fund holders own 0.25%, while other institutional holders and individual stakeholders account for 5.61% and — respectively.
It has a market capitalization of $3.27B. The earnings-per-share (ttm) stands at -$0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.56% over the week and 4.44% over the month.
Analysts forecast that Natura &Co Holding S.A. (NTCO) will achieve an EPS of -$0.07 for the current quarter, $0.08 for the next quarter and $0.04 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.14 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was $0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -385.70%, and 102.50% over the next financial year.
Looking at the support for the NTCO, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on October 19, 2022, with the firm’s price target at $7-$8. JP Morgan coverage for the Natura &Co Holding S.A. (NTCO) stock in a research note released on March 09, 2022 offered a Neutral rating with a price target of $10.
