Coty Inc. (NYSE:COTY) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in Coty Inc. (NYSE:COTY) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,225 shares of the company’s stock after selling 3,827 shares during the quarter. Stifel Financial Corp’s holdings in Coty were worth $847,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Raymond James & Associates raised its position in shares of Coty by 6.5% during the 2nd quarter. Raymond James & Associates now owns 307,988 shares of the company’s stock valued at $3,086,000 after acquiring an additional 18,861 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Coty by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 3,071,969 shares of the company’s stock worth $30,781,000 after purchasing an additional 79,627 shares during the period. WealthShield Partners LLC bought a new position in shares of Coty in the 2nd quarter worth about $100,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Coty by 3.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,291 shares of the company’s stock valued at $885,000 after buying an additional 2,740 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in shares of Coty during the 2nd quarter valued at about $481,000. Institutional investors own 42.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group started coverage on Coty in a report on Friday, December 13th. They set a “neutral” rating and a $9.00 price target on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Finally, Jefferies Financial Group cut their target price on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.41.

Coty Price Performance

Shares of NYSE:COTY opened at $7.04 on Wednesday. The stock has a market capitalization of $6.12 billion, a P/E ratio of 41.41, a P/E/G ratio of 0.75 and a beta of 1.89. The business has a 50-day moving average of $7.47 and a two-hundred day moving average of $8.82. Coty Inc. has a fifty-two week low of $6.87 and a fifty-two week high of $13.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that Coty Inc. will post 0.51 EPS for the current fiscal year.

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.