Ethic Inc. Grows Stake in Coty $COTY

Ethic Inc. boosted its position in shares of Coty (NYSE:COTY) by 262.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,794 shares of the company’s stock after purchasing an additional 59,255 shares during the quarter. Ethic Inc.’s holdings in Coty were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Impact Capital Partners LLC increased its holdings in shares of Coty by 21.1% in the 2nd quarter. Impact Capital Partners LLC now owns 13,486 shares of the company’s stock valued at $63,000 after acquiring an additional 2,346 shares during the period. Comerica Bank increased its holdings in shares of Coty by 1.6% in the 1st quarter. Comerica Bank now owns 162,693 shares of the company’s stock valued at $890,000 after acquiring an additional 2,639 shares during the period. American Alpha Advisors LLC increased its holdings in shares of Coty by 22.4% in the 1st quarter. American Alpha Advisors LLC now owns 15,000 shares of the company’s stock valued at $82,000 after acquiring an additional 2,750 shares during the period. GAMMA Investing LLC increased its holdings in shares of Coty by 140.2% in the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock valued at $30,000 after acquiring an additional 3,214 shares during the period. Finally, First Manhattan CO. LLC. increased its holdings in shares of Coty by 0.5% in the 1st quarter. First Manhattan CO. LLC. now owns 700,667 shares of the company’s stock valued at $3,833,000 after acquiring an additional 3,456 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COTY. Royal Bank Of Canada cut their price target on Coty from $12.00 to $10.00 and set a “sector perform” rating on the stock in a report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on Coty from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, August 21st. Weiss Ratings restated a “sell (d)” rating on shares of Coty in a research note on Wednesday, October 8th. Evercore ISI dropped their target price on Coty from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday, August 21st. Finally, Morgan Stanley dropped their target price on Coty from $5.00 to $4.25 and set an “equal weight” rating on the stock in a research note on Monday, August 25th. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Coty has a consensus rating of “Reduce” and a consensus target price of $6.06.

Coty Stock Performance

Shares of COTY opened at $3.96 on Thursday. The stock has a 50-day moving average of $4.13 and a two-hundred day moving average of $4.65. Coty has a one year low of $3.67 and a one year high of $8.04. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.46 and a current ratio of 0.77. The stock has a market cap of $3.45 billion, a P/E ratio of -8.99, a P/E/G ratio of 0.28 and a beta of 1.98.

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

Insider Transactions at Coty

In other news, CEO Sue Nabi purchased 260,000 shares of the stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $3.92 per share, with a total value of $1,019,200.00. Following the transaction, the chief executive officer owned 32,127,286 shares in the company, valued at $125,938,961.12. The trade was a 0.82% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Priya Srinivasan purchased 30,000 shares of the stock in a transaction on Friday, August 22nd. The shares were purchased at an average cost of $3.84 per share, with a total value of $115,200.00. Following the transaction, the insider owned 37,509 shares in the company, valued at $144,034.56. This trade represents a 399.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 334,900 shares of company stock worth $1,321,840. 5.90% of the stock is owned by insiders.

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.