Private Advisor Group LLC bought a new position in Coty Inc. (NYSE:COTY – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 56,111 shares of the company’s stock, valued at approximately $677,000.
A number of other institutional investors and hedge funds also recently modified their holdings of COTY. Compagnie Lombard Odier SCmA increased its stake in Coty by 72.0% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,389 shares of the company’s stock worth $29,000 after purchasing an additional 1,000 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Coty by 165.1% in the 4th quarter. Quadrant Capital Group LLC now owns 4,541 shares of the company’s stock valued at $39,000 after acquiring an additional 2,828 shares in the last quarter. National Bank of Canada FI acquired a new position in Coty in the 1st quarter worth approximately $67,000. Captrust Financial Advisors grew its position in Coty by 126.2% during the 1st quarter. Captrust Financial Advisors now owns 8,400 shares of the company’s stock worth $76,000 after purchasing an additional 4,686 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Coty in the third quarter valued at $89,000. 37.10% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on COTY. Morgan Stanley lifted their price target on Coty from $11.50 to $12.25 and gave the company an “equal weight” rating in a report on Wednesday, August 23rd. Barclays reduced their price target on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. Bank of America boosted their price objective on shares of Coty from $13.00 to $14.00 in a research report on Wednesday, July 5th. StockNews.com upgraded shares of Coty from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Wells Fargo & Company lowered their price target on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 23rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Coty has an average rating of “Moderate Buy” and a consensus target price of $13.02.
Coty Stock Performance
Shares of COTY opened at $11.58 on Friday. The company has a market capitalization of $9.87 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 8.93 and a beta of 1.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.44. Coty Inc. has a one year low of $6.19 and a one year high of $13.46. The company’s fifty day moving average price is $11.97 and its 200 day moving average price is $11.72.
Coty (NYSE:COTY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 22nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Coty had a return on equity of 12.66% and a net margin of 9.15%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, analysts expect that Coty Inc. will post 0.46 earnings per share for the current year.
Coty Company 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 products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.
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