Coty Inc. (NYSE:COTY) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in Coty Inc. (NYSE:COTY) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,870 shares of the company’s stock after selling 5,691 shares during the period. Yousif Capital Management LLC’s holdings in Coty were worth $897,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised 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 valued at $31,000 after acquiring an additional 2,385 shares in the last quarter. R Squared Ltd purchased a new position in shares of Coty during the fourth quarter worth about $54,000. Virtu Financial LLC purchased a new position in shares of Coty during the third quarter worth about $96,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Coty during the fourth quarter worth about $74,000. Finally, PFG Investments LLC purchased a new position in shares of Coty during the fourth quarter worth about $75,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Cowen lowered Coty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Stifel Nicolaus dropped their price objective on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Tuesday. DA Davidson reaffirmed a “buy” rating and set a $12.50 price objective on shares of Coty in a report on Thursday, February 6th. Raymond James decreased their target price 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. Finally, Morgan Stanley decreased their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.17.

Coty Stock Down 2.9 %

COTY stock opened at $5.59 on Friday. The stock has a market capitalization of $4.86 billion, a P/E ratio of 32.85, a PEG ratio of 0.72 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty Inc. has a one year low of $5.55 and a one year high of $13.30. The company has a 50 day moving average price of $7.01 and a two-hundred day moving average price of $8.02.

Coty (NYSE:COTY) last released its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 9.16% and a net margin of 2.78%. As a group, sell-side analysts expect that Coty Inc. will post 0.51 EPS 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.