10,650 Shares in Coty Inc. (NYSE:COTY) Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC bought a new stake in shares of Coty Inc. (NYSE:COTY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,650 shares of the company’s stock, valued at approximately $107,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Coty by 15.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 86,053 shares of the company’s stock worth $1,069,000 after buying an additional 11,700 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Coty by 4.2% in the 4th quarter. Federated Hermes Inc. now owns 46,244 shares of the company’s stock valued at $574,000 after acquiring an additional 1,871 shares in the last quarter. Xponance Inc. raised its holdings in shares of Coty by 4.9% in the 4th quarter. Xponance Inc. now owns 44,920 shares of the company’s stock valued at $558,000 after acquiring an additional 2,105 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Coty by 0.5% during the 4th quarter. California Public Employees Retirement System now owns 657,066 shares of the company’s stock valued at $8,161,000 after acquiring an additional 3,146 shares during the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of Coty by 6.7% during the fourth quarter. Yousif Capital Management LLC now owns 177,255 shares of the company’s stock worth $2,202,000 after purchasing an additional 11,075 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

Coty Stock Down 0.6 %

Shares of NYSE:COTY opened at $9.96 on Friday. The stock’s 50-day moving average is $9.76 and its 200 day moving average is $10.85. The company has a market cap of $8.64 billion, a PE ratio of 43.28, a P/E/G ratio of 3.31 and a beta of 1.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.80 and a quick ratio of 0.50. Coty Inc. has a 1 year low of $8.79 and a 1 year high of $13.30.

Coty (NYSE:COTY) last posted its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. Coty’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. Sell-side analysts anticipate that Coty Inc. will post 0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on COTY. Wells Fargo & Company lowered their target price on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. DA Davidson lifted their price objective on shares of Coty from $16.50 to $17.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup reduced their target price on Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Bank of America dropped their price target on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus reduced their price objective on Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.85.

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 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.