Rhumbline Advisers decreased its holdings in shares of Coty Inc. (NYSE:COTY – Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,082,630 shares of the company’s stock after selling 10,743 shares during the quarter. Rhumbline Advisers owned about 0.13% of Coty worth $13,057,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA lifted its position in shares of 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 acquiring an additional 1,000 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Coty by 0.7% in the 1st quarter. Treasurer of the State of North Carolina now owns 153,617 shares of the company’s stock worth $1,853,000 after acquiring an additional 1,090 shares during the period. Lazard Asset Management LLC lifted its position in shares of Coty by 14.0% in the 4th quarter. Lazard Asset Management LLC now owns 12,357 shares of the company’s stock worth $105,000 after acquiring an additional 1,517 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Coty by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,652 shares of the company’s stock worth $150,000 after acquiring an additional 1,816 shares during the period. Finally, United Services Automobile Association lifted its position in shares of Coty by 5.9% in the 3rd quarter. United Services Automobile Association now owns 38,977 shares of the company’s stock worth $247,000 after acquiring an additional 2,188 shares during the period. Institutional investors own 37.10% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on COTY shares. StockNews.com downgraded Coty from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Coty in a research report on Wednesday, August 23rd. Citigroup cut their target price on Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, August 23rd. Barclays cut their target price on Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. Finally, Morgan Stanley raised their target price on Coty from $11.50 to $12.25 and gave the stock an “equal weight” rating in a research report on Wednesday, August 23rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.02.
Coty Trading Up 0.2 %
COTY stock opened at $11.58 on Friday. The business has a fifty day moving average price of $11.96 and a 200 day moving average price of $11.72. Coty Inc. has a fifty-two week low of $6.19 and a fifty-two week high of $13.46. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 20.32, a P/E/G 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 (NYSE:COTY – Get Free Report) last released its earnings results on Tuesday, August 22nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Coty had a net margin of 9.15% and a return on equity of 12.66%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the business posted ($0.01) earnings per share. Analysts expect that Coty Inc. will post 0.46 EPS for the current fiscal year.
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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