Atria Investments Inc Buys 3,022 Shares of Coty Inc. (NYSE:COTY)

Atria Investments Inc raised its stake in Coty Inc. (NYSE:COTY) by 19.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,650 shares of the company’s stock after purchasing an additional 3,022 shares during the period. Atria Investments Inc’s holdings in Coty were worth $175,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the period. Quent Capital LLC boosted its holdings in Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares during the period. WealthShield Partners LLC bought a new stake in Coty in the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC bought a new stake in Coty in the 2nd quarter valued at $107,000. Finally, 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 valued at $124,000 after purchasing an additional 1,104 shares during the period. 42.36% of the stock is owned by institutional investors.

Coty Trading Up 1.8 %

COTY opened at $7.32 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.37 billion, a PE ratio of 43.06, a PEG ratio of 0.71 and a beta of 1.91. Coty Inc. has a 1-year low of $6.93 and a 1-year high of $13.30. The firm has a 50-day moving average price of $8.21 and a two-hundred day moving average price of $9.30.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. As a group, equities analysts anticipate that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COTY has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Stifel Nicolaus reduced their price objective on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, October 15th. Barclays downgraded shares of Coty from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Coty has an average rating of “Moderate Buy” and an average target price of $11.56.

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.