Blue Trust Inc. Raises Stake in Coty Inc. (NYSE:COTY)

Blue Trust Inc. increased its holdings in shares of Coty Inc. (NYSE:COTY) by 330.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,107 shares of the company’s stock after purchasing an additional 2,385 shares during the quarter. Blue Trust Inc.’s holdings in Coty were worth $31,000 as of its most recent filing with the SEC.

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

Coty Stock Performance

Shares of COTY opened at $7.48 on Friday. The business’s fifty day moving average price is $8.78 and its 200 day moving average price is $9.72. Coty Inc. has a 12-month low of $7.34 and a 12-month high of $13.30. The stock has a market capitalization of $6.49 billion, a PE ratio of 93.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46.

Coty (NYSE:COTY) last announced its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). Coty had a return on equity of 8.05% and a net margin of 1.46%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts forecast that Coty Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

COTY has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price target on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Wells Fargo & Company decreased their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Finally, Stifel Nicolaus decreased their price target on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.15.

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.