Yousif Capital Management LLC Reduces Position in Coty (NYSE:COTY)

Yousif Capital Management LLC reduced its position in Coty (NYSE:COTY) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,791 shares of the company’s stock after selling 3,079 shares during the quarter. Yousif Capital Management LLC’s holdings in Coty were worth $688,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COTY. Steward Partners Investment Advisory LLC raised its holdings 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 worth $29,000 after buying an additional 3,186 shares during the period. Allworth Financial LP grew its position in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after acquiring an additional 3,328 shares during the last quarter. Quadrant Capital Group LLC grew its position in Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after acquiring an additional 2,601 shares during the last quarter. US Bancorp DE increased its stake in Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after purchasing an additional 5,088 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Coty by 26.9% in 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 during the period. Institutional investors own 42.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on COTY shares. Bank of America cut shares of Coty from a “buy” rating to an “underperform” rating and cut their price target for the stock from $9.00 to $4.50 in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Berenberg Bank began coverage on shares of Coty in a research note on Tuesday, March 25th. They issued a “buy” rating and a $7.50 target price on the stock. BNP Paribas downgraded shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price target for the company. in a research note on Friday, April 11th. Finally, Barclays lowered their price target on Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Coty presently has a consensus rating of “Hold” and an average target price of $7.80.

Coty Stock Down 2.7%

Shares of NYSE COTY opened at $4.81 on Friday. Coty has a 12-month low of $4.46 and a 12-month high of $10.54. The stock’s fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $5.89. The stock has a market capitalization of $4.19 billion, a PE ratio of -10.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.96. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.03.

Coty (NYSE:COTY) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts expect that Coty will post 0.39 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.