Raymond James & Associates raised its position in Coty Inc. (NYSE:COTY – Free Report) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 308,946 shares of the company’s stock after purchasing an additional 17,941 shares during the quarter. Raymond James & Associates’ holdings in Coty were worth $3,797,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Coty by 20.0% during the first quarter. BlackRock Inc. now owns 46,632,257 shares of the company’s stock worth $419,223,000 after purchasing an additional 7,760,564 shares during the period. Vanguard Group Inc. lifted its holdings in Coty by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 38,323,086 shares of the company’s stock worth $242,202,000 after buying an additional 883,215 shares during the period. Banco Santander S.A. grew its position in shares of Coty by 34.8% in the 1st quarter. Banco Santander S.A. now owns 20,726,018 shares of the company’s stock valued at $249,956,000 after buying an additional 5,349,203 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Coty by 123.3% in the 1st quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock valued at $151,598,000 after buying an additional 9,311,527 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Coty by 2.1% in the first quarter. State Street Corp now owns 9,983,891 shares of the company’s stock valued at $120,406,000 after buying an additional 200,967 shares during the period. 37.10% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Coty
In related news, Director Maria Asunicion Aramburuzabala acquired 500,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was purchased at an average cost of $10.80 per share, with a total value of $5,400,000.00. Following the acquisition, the director now owns 1,425,000 shares of the company’s stock, valued at approximately $15,390,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Maria Asunicion Aramburuzabala acquired 500,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were purchased at an average cost of $10.80 per share, with a total value of $5,400,000.00. Following the acquisition, the director now directly owns 1,425,000 shares of the company’s stock, valued at $15,390,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Isabelle Parize bought 20,500 shares of Coty stock in a transaction dated Wednesday, October 4th. The stock was purchased at an average price of $10.29 per share, with a total value of $210,945.00. Following the purchase, the director now owns 56,725 shares in the company, valued at $583,700.25. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 3,525,275 shares of company stock valued at $38,061,083. 5.80% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Report on COTY
Coty Price Performance
Shares of NYSE:COTY opened at $9.67 on Thursday. Coty Inc. has a twelve month low of $6.28 and a twelve month high of $13.46. The stock’s 50 day moving average is $10.89 and its 200-day moving average is $11.56. The company has a quick ratio of 0.44, a current ratio of 0.75 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 8.49 and a beta of 1.90.
Coty (NYSE:COTY – Get Free Report) last released its quarterly earnings data on Tuesday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Coty had a return on equity of 12.66% and a net margin of 9.15%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.01) EPS. Sell-side analysts forecast that Coty Inc. will post 0.46 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.
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