Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Coty (NYSE:COTY)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Coty (NYSE:COTY) by 11.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,224 shares of the company’s stock after purchasing an additional 10,102 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coty were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Coty during the first quarter valued at approximately $226,000. Dynasty Wealth Management LLC grew its position in Coty by 156.0% during the first quarter. Dynasty Wealth Management LLC now owns 43,872 shares of the company’s stock valued at $240,000 after buying an additional 26,735 shares during the period. Segall Bryant & Hamill LLC grew its position in Coty by 13.4% during the first quarter. Segall Bryant & Hamill LLC now owns 1,705,357 shares of the company’s stock valued at $9,328,000 after buying an additional 201,968 shares during the period. Victory Capital Management Inc. grew its position in Coty by 0.9% during the first quarter. Victory Capital Management Inc. now owns 3,162,302 shares of the company’s stock valued at $17,298,000 after buying an additional 28,026 shares during the period. Finally, Signaturefd LLC grew its position in Coty by 607.0% during the first quarter. Signaturefd LLC now owns 13,376 shares of the company’s stock valued at $73,000 after buying an additional 11,484 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on COTY shares. Barclays cut their target price on shares of Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Friday, April 11th. BNP Paribas lowered shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price target for the company. in a research report on Friday, April 11th. Wells Fargo & Company reiterated a “positive” rating on shares of Coty in a research report on Wednesday, April 16th. Bank of America lowered shares of Coty from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $9.00 to $4.50 in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group dropped their price target on shares of Coty from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.80.

Coty Price Performance

Shares of NYSE:COTY opened at $4.92 on Thursday. 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 firm has a fifty day moving average price of $4.93 and a 200 day moving average price of $5.37. Coty has a fifty-two week low of $4.46 and a fifty-two week high of $10.30. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of -10.24, a P/E/G ratio of 0.65 and a beta of 2.00.

Coty (NYSE:COTY) last issued its earnings results 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). The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%. Coty’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. As a group, sell-side analysts expect that Coty will post 0.39 earnings per share 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.