Coty Inc. (NYSE:COTY) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its holdings in Coty Inc. (NYSE:COTY) by 9.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,388 shares of the company’s stock after purchasing an additional 1,104 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Coty were worth $124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quent Capital LLC boosted its position in shares of Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares during the period. EntryPoint Capital LLC lifted its stake in Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after buying an additional 8,419 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Coty in the first quarter valued at approximately $146,000. Fulton Bank N.A. grew its position in shares of Coty by 73.6% during the first quarter. Fulton Bank N.A. now owns 18,238 shares of the company’s stock worth $218,000 after acquiring an additional 7,730 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of Coty in the 4th quarter valued at $308,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

COTY has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday. Bank of America dropped their price target on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Barclays decreased their price objective on Coty from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday. Wells Fargo & Company dropped their target price on Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $15.00 price target on shares of Coty in a report on Wednesday. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.85.

Coty Stock Performance

Shares of COTY opened at $9.96 on Friday. Coty Inc. has a 12-month low of $8.79 and a 12-month high of $13.30. The stock has a market cap of $8.64 billion, a P/E ratio of 43.30, a PEG ratio of 3.31 and a beta of 1.91. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $9.76 and a two-hundred day moving average of $10.84.

Coty (NYSE:COTY) last issued its quarterly earnings data 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 company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Coty had a return on equity of 8.75% and a net margin of 3.59%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. As a group, research analysts predict that Coty Inc. will post 0.44 EPS for the current fiscal 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 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.