JPMorgan Chase & Co. Purchases 107,014 Shares of Coty Inc. (NYSE:COTY)

JPMorgan Chase & Co. raised its position in shares of Coty Inc. (NYSE:COTY) by 16.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 743,445 shares of the company’s stock after purchasing an additional 107,014 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Coty worth $6,981,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of Coty by 26.6% in the 3rd quarter. Tidal Investments LLC now owns 201,398 shares of the company’s stock worth $1,891,000 after acquiring an additional 42,295 shares during the last quarter. Virtu Financial LLC purchased a new stake in Coty during the third quarter valued at about $96,000. Neo Ivy Capital Management bought a new position in shares of Coty during the third quarter valued at about $1,684,000. Barclays PLC increased its holdings in shares of Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after buying an additional 693,961 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of Coty by 211.6% in the 3rd quarter. XTX Topco Ltd now owns 110,810 shares of the company’s stock valued at $1,041,000 after acquiring an additional 75,247 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Stock Down 0.3 %

COTY stock opened at $6.75 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average of $7.22 and a 200 day moving average of $8.48. Coty Inc. has a twelve month low of $6.59 and a twelve month high of $13.30. The firm has a market cap of $5.87 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) 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 analysts’ expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. Coty’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. On average, research analysts forecast that Coty Inc. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wells Fargo & Company decreased their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Jefferies Financial Group lowered their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Citigroup cut their target price on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.29.

About Coty

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.