Bank of New York Mellon Corp Sells 87,518 Shares of Coty (NYSE:COTY)

Bank of New York Mellon Corp trimmed its holdings in Coty (NYSE:COTY) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,951,866 shares of the company’s stock after selling 87,518 shares during the period. Bank of New York Mellon Corp owned about 0.34% of Coty worth $16,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of COTY. Jump Financial LLC bought a new stake in shares of Coty during the fourth quarter worth $873,000. Janney Montgomery Scott LLC boosted its holdings in Coty by 270.4% during the first quarter. Janney Montgomery Scott LLC now owns 142,219 shares of the company’s stock worth $778,000 after buying an additional 103,828 shares in the last quarter. Graphene Investments SAS increased its holdings in Coty by 36.0% in the 1st quarter. Graphene Investments SAS now owns 518,300 shares of the company’s stock worth $2,835,000 after acquiring an additional 137,100 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Coty by 490.7% in the 4th quarter. Two Sigma Investments LP now owns 827,903 shares of the company’s stock worth $5,762,000 after buying an additional 687,756 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Coty during the 4th quarter worth $7,930,000. Institutional investors own 42.36% of the company’s stock.

Coty Price Performance

Coty stock opened at $4.92 on Friday. Coty has a 52 week low of $4.46 and a 52 week high of $10.30. The stock has a fifty day moving average of $4.93 and a 200-day moving average of $5.53. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.51 and a current ratio of 0.82. The stock has a market capitalization of $4.29 billion, a P/E ratio of -10.25, a price-to-earnings-growth ratio of 0.67 and a beta of 1.91.

Coty (NYSE:COTY) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS. On average, sell-side analysts expect that Coty will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

COTY has been the topic of several recent analyst reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $5.00 target price (down from $8.00) on shares of Coty in a report on Thursday, May 8th. Royal Bank Of Canada decreased their price target on shares of Coty from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Barclays decreased their target price on Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a report on Friday, April 11th. Stifel Nicolaus dropped their target price on Coty from $8.00 to $6.50 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, BNP Paribas downgraded shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price objective for the company. in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coty has an average rating of “Hold” and an average price target of $7.80.

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.