Point72 Asia Singapore Pte. Ltd. Purchases Shares of 15,265 Coty Inc. (NYSE:COTY)

Point72 Asia Singapore Pte. Ltd. acquired a new position in Coty Inc. (NYSE:COTY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 15,265 shares of the company’s stock, valued at approximately $153,000.

Other large investors have also recently modified their holdings of the company. Quent Capital LLC grew its holdings in Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after acquiring an additional 4,810 shares during the last quarter. WealthShield Partners LLC bought a new stake in shares of Coty in the second quarter worth about $100,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Coty in the second quarter worth about $107,000. EntryPoint Capital LLC increased its holdings in Coty by 260.4% during the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after purchasing an additional 8,419 shares during the period. Finally, Norden Group LLC bought a new position in Coty during the 1st quarter valued at approximately $146,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COTY. Evercore ISI reiterated an “outperform” rating and issued a $15.00 price objective on shares of Coty in a research report on Wednesday, August 21st. Bank of America cut their price target on shares of Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Piper Sandler decreased their price objective on shares of Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Barclays cut their target price on shares of Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, Citigroup reduced their price target on shares of Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.85.

Coty Trading Up 0.3 %

NYSE COTY opened at $9.51 on Friday. Coty Inc. has a 12 month low of $8.66 and a 12 month high of $13.30. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average price is $9.42 and its 200-day moving average price is $10.33. The stock has a market cap of $8.25 billion, a P/E ratio of 41.35, a P/E/G ratio of 0.69 and a beta of 1.89.

Coty (NYSE:COTY) last announced its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.01 earnings per share. As a group, equities analysts forecast that Coty Inc. will post 0.56 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.