Federated Hermes Inc. Has $369,000 Stock Position in Coty Inc. (NYSE:COTY)

Federated Hermes Inc. cut its holdings in shares of Coty Inc. (NYSE:COTY) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,827 shares of the company’s stock after selling 2,652 shares during the period. Federated Hermes Inc.’s holdings in Coty were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in Coty by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after purchasing an additional 1,414 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Coty by 81.6% during the second quarter. Texas Permanent School Fund Corp now owns 597,593 shares of the company’s stock worth $5,988,000 after buying an additional 268,547 shares in the last quarter. Choreo LLC bought a new stake in Coty in the 2nd quarter valued at approximately $225,000. Private Advisor Group LLC boosted its position in Coty by 23.3% during the 2nd quarter. Private Advisor Group LLC now owns 119,596 shares of the company’s stock worth $1,198,000 after acquiring an additional 22,603 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Coty by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 112,773 shares of the company’s stock worth $1,130,000 after acquiring an additional 2,500 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Coty in a research report on Wednesday, August 21st. Barclays dropped their target price on Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Stifel Nicolaus decreased their price target on Coty from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Piper Sandler cut their price objective on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Finally, DA Davidson upped their price target on shares of Coty from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.85.

Coty Stock Up 1.1 %

Coty stock opened at $9.29 on Tuesday. The firm has a 50 day moving average price of $9.47 and a two-hundred day moving average price of $10.37. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. Coty Inc. has a 52-week low of $8.66 and a 52-week high of $13.30. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 0.66 and a beta of 1.89.

Coty (NYSE:COTY) last issued its quarterly earnings results on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Coty had a net margin of 1.46% and a return on equity of 8.05%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company posted $0.01 EPS. The business’s revenue was up .9% compared to the same quarter last year. Equities analysts predict that Coty Inc. will post 0.56 EPS for the current 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.