Coty Inc. (NYSE:COTY) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in shares of Coty Inc. (NYSE:COTY) by 40.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 522,630 shares of the company’s stock after purchasing an additional 149,900 shares during the period. Renaissance Technologies LLC owned 0.06% of Coty worth $5,237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quent Capital LLC lifted its position in shares of Coty by 1,448.8% in the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after acquiring an additional 4,810 shares in the last quarter. WealthShield Partners LLC purchased a new position in Coty in the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in Coty during the 2nd quarter worth $107,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Coty by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after buying an additional 1,104 shares in the last quarter. Finally, EntryPoint Capital LLC raised its position in shares of Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after buying an additional 8,419 shares during the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on COTY shares. Canaccord Genuity Group restated a “buy” rating and set a $14.00 price target on shares of Coty in a research report on Friday, September 13th. Wells Fargo & Company dropped their price target on Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Coty in a report on Wednesday, August 21st. Barclays lowered their price objective on Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, Citigroup cut their target price on Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.85.

Coty Trading Up 5.0 %

COTY opened at $9.48 on Friday. Coty Inc. has a 52 week low of $8.66 and a 52 week high of $13.30. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $9.42 and a 200-day simple moving average of $10.33. The firm has a market cap of $8.22 billion, a P/E ratio of 41.20, a P/E/G ratio of 0.69 and a beta of 1.89.

Coty (NYSE:COTY) last released its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. On average, equities analysts expect that Coty Inc. will post 0.56 earnings per share 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.