Coty Inc. (NYSE:COTY) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Coty Inc. (NYSE:COTY) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,113,592 shares of the company’s stock after buying an additional 212,025 shares during the quarter. Victory Capital Management Inc.’s holdings in Coty were worth $26,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BluePath Capital Management LLC acquired a new stake in Coty during the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Coty in the third quarter worth $31,000. Pathstone Family Office LLC purchased a new stake in shares of Coty in the third quarter valued at $118,000. Fulton Bank N.A. acquired a new stake in shares of Coty during the fourth quarter valued at $131,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Coty during the 3rd quarter worth about $136,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Stock Down 3.5 %

COTY opened at $11.10 on Wednesday. The company has a market cap of $9.94 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 6.49 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85. Coty Inc. has a 1 year low of $9.02 and a 1 year high of $13.46. The firm has a 50 day moving average price of $11.72 and a 200 day moving average price of $11.62.

Coty (NYSE:COTY) last issued its earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Coty had a net margin of 5.39% and a return on equity of 11.91%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business posted $0.19 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts expect that Coty Inc. will post 0.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the sale, the director now owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the completion of the sale, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the sale, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on COTY shares. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 target price on shares of Coty in a report on Friday, February 9th. Wells Fargo & Company lifted their target price on shares of Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. TD Cowen reduced their price target on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Citigroup decreased their price objective on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Finally, TheStreet upgraded Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Coty currently has a consensus rating of “Hold” and an average target price of $13.14.

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.