Vanguard Personalized Indexing Management LLC Increases Position in Coty $COTY

Vanguard Personalized Indexing Management LLC boosted its position in Coty (NYSE:COTY) by 42.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,178 shares of the company’s stock after buying an additional 30,694 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Coty were worth $475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Coty by 270.4% in the first quarter. Janney Montgomery Scott LLC now owns 142,219 shares of the company’s stock valued at $778,000 after buying an additional 103,828 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Coty by 10.5% in the first quarter. Ameriprise Financial Inc. now owns 22,346,995 shares of the company’s stock valued at $122,239,000 after acquiring an additional 2,132,613 shares during the period. Compass Wealth Management LLC boosted its stake in Coty by 33.2% in the first quarter. Compass Wealth Management LLC now owns 623,325 shares of the company’s stock valued at $3,410,000 after acquiring an additional 155,450 shares during the period. Graphene Investments SAS boosted its stake in Coty by 36.0% in the first quarter. Graphene Investments SAS now owns 518,300 shares of the company’s stock valued at $2,835,000 after acquiring an additional 137,100 shares during the period. Finally, Invesco Ltd. boosted its stake in Coty by 28.8% in the first quarter. Invesco Ltd. now owns 1,761,954 shares of the company’s stock valued at $9,638,000 after acquiring an additional 393,971 shares during the period. 42.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Coty

In other news, CFO Laurent Mercier acquired 12,500 shares of the stock in a transaction dated Monday, August 25th. The shares were bought at an average cost of $3.96 per share, for a total transaction of $49,500.00. Following the purchase, the chief financial officer directly owned 402,216 shares of the company’s stock, valued at approximately $1,592,775.36. This trade represents a 3.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sue Nabi acquired 260,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $3.92 per share, for a total transaction of $1,019,200.00. Following the completion of the purchase, the chief executive officer directly owned 32,127,286 shares in the company, valued at $125,938,961.12. The trade was a 0.82% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 334,900 shares of company stock valued at $1,321,840. Corporate insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Royal Bank Of Canada decreased their target price on Coty from $12.00 to $10.00 and set a “sector perform” rating for the company in a research note on Friday, August 22nd. Morgan Stanley lowered their target price on Coty from $5.00 to $4.25 and set an “equal weight” rating on the stock in a report on Monday, August 25th. Cowen reiterated a “hold” rating on shares of Coty in a research report on Friday, August 22nd. Wells Fargo & Company cut their target price on shares of Coty from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, August 22nd. Finally, Citigroup reaffirmed a “neutral” rating and issued a $4.25 price target (down from $6.50) on shares of Coty in a research note on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Coty presently has an average rating of “Hold” and an average target price of $6.06.

Coty Trading Up 0.4%

Shares of NYSE COTY opened at $4.16 on Thursday. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of -9.44, a P/E/G ratio of 0.29 and a beta of 1.98. Coty has a twelve month low of $3.67 and a twelve month high of $8.04. The company’s fifty day moving average is $4.22 and its 200-day moving average is $4.68. The company has a quick ratio of 0.46, a current ratio of 0.77 and a debt-to-equity ratio of 1.06.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, August 20th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. Coty had a negative net margin of 6.24% and a positive return on equity of 5.18%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) earnings per share. Equities research analysts predict that Coty will post 0.39 EPS for the current 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.