Coty Inc. (NYSE:COTY) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its position in shares of Coty Inc. (NYSE:COTY) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,992 shares of the company’s stock after selling 22,121 shares during the period. Wells Fargo & Company MN’s holdings in Coty were worth $696,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its position in shares of Coty by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock worth $3,092,000 after acquiring an additional 1,472 shares during the period. Stephens Inc. AR raised its holdings in Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock worth $108,000 after purchasing an additional 1,672 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Coty by 16.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock worth $94,000 after purchasing an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Coty by 26.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after buying an additional 3,186 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Stock Down 0.6 %

COTY stock opened at $5.02 on Friday. Coty Inc. has a one year low of $4.56 and a one year high of $11.77. The firm has a market cap of $4.38 billion, a PE ratio of -502.00, a PEG ratio of 0.81 and a beta of 1.75. The firm’s 50 day moving average price is $5.32 and its 200-day moving average price is $6.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71.

Coty (NYSE:COTY) last posted its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, equities research analysts anticipate that Coty Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COTY. Stifel Nicolaus decreased their target price on Coty from $8.00 to $6.50 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Canaccord Genuity Group decreased their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Berenberg Bank started coverage on shares of Coty in a research note on Tuesday, March 25th. They set a “buy” rating and a $7.50 target price for the company. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price target on shares of Coty in a research report on Wednesday, February 12th. Finally, Evercore ISI lowered their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock 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.