Coty Inc. (NYSE:COTY) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its stake in Coty Inc. (NYSE:COTY) by 76.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,367,983 shares of the company’s stock after selling 4,463,094 shares during the period. Invesco Ltd. owned approximately 0.16% of Coty worth $9,521,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock worth $6,981,000 after buying an additional 107,014 shares during the last quarter. Barclays PLC raised its stake in Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after purchasing an additional 693,961 shares during the period. Amundi grew its stake in shares of Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after buying an additional 4,478,906 shares during the period. TCW Group Inc. grew its position in Coty by 44.1% during the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company’s stock valued at $2,121,000 after acquiring an additional 93,229 shares during the period. Finally, Entropy Technologies LP increased its stake in Coty by 137.4% during the fourth quarter. Entropy Technologies LP now owns 104,349 shares of the company’s stock worth $726,000 after acquiring an additional 60,400 shares during the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Stock Up 2.3 %

COTY stock opened at $4.93 on Thursday. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of -493.00, a PEG ratio of 0.81 and a beta of 1.75. Coty Inc. has a 1-year low of $4.56 and a 1-year high of $11.80. The firm has a fifty day moving average price of $5.40 and a two-hundred day moving average price of $6.67. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

Coty (NYSE:COTY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Research analysts predict that Coty Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. DA Davidson reiterated a “buy” rating and set a $12.50 target price on shares of Coty in a report on Thursday, February 6th. Morgan Stanley decreased their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. BNP Paribas cut Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price objective on the stock. in a research note on Friday, April 11th. Evercore ISI dropped their target price on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Coty in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Coty presently has a consensus rating of “Hold” and a consensus price target of $8.24.

About Coty

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.