Charles Schwab Investment Management Inc. Has $27.24 Million Stock Holdings in Coty Inc. (NYSE:COTY)

Charles Schwab Investment Management Inc. raised its holdings in Coty Inc. (NYSE:COTY) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,901,380 shares of the company’s stock after acquiring an additional 14,075 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.33% of Coty worth $27,244,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Coty by 9.8% in 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 during the last quarter. American Century Companies Inc. lifted its stake in shares of Coty by 10.6% in the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after buying an additional 1,414 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Coty by 3.8% in the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after buying an additional 1,545 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after buying an additional 2,385 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Coty by 2.3% in the second quarter. Arizona State Retirement System now owns 112,773 shares of the company’s stock worth $1,130,000 after buying an additional 2,500 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Trading Up 2.1 %

Shares of Coty stock opened at $7.67 on Thursday. The company’s fifty day moving average price is $7.93 and its two-hundred day moving average price is $9.10. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. Coty Inc. has a 52-week low of $6.93 and a 52-week high of $13.30. The firm has a market capitalization of $6.67 billion, a PE ratio of 45.12, a price-to-earnings-growth ratio of 0.76 and a beta of 1.89.

Coty (NYSE:COTY) last posted its earnings results 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). Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company posted $0.09 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts expect that Coty Inc. will post 0.51 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James reduced their price objective on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. TD Cowen cut shares of Coty from a “buy” rating to a “hold” rating and cut their target price for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. Stifel Nicolaus cut their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. JPMorgan Chase & Co. cut their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 target price on shares of Coty in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.56.

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.