Rhumbline Advisers Purchases 15,043 Shares of Coty Inc. (NYSE:COTY)

Rhumbline Advisers grew its position in shares of Coty Inc. (NYSE:COTY) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 975,721 shares of the company’s stock after purchasing an additional 15,043 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of Coty worth $6,791,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of COTY. Blue Trust Inc. boosted its stake in 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 in the last quarter. R Squared Ltd bought a new stake in shares of Coty in the 4th quarter worth approximately $54,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Coty in the 4th quarter valued at $74,000. PFG Investments LLC bought a new position in shares of Coty during the 4th quarter valued at $75,000. Finally, Lecap Asset Management Ltd. purchased a new position in Coty in the 4th quarter worth $84,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. DA Davidson reissued a “buy” rating and issued a $12.50 target price on shares of Coty in a research note on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price target on shares of Coty in a research report on Wednesday, February 12th. Stifel Nicolaus lowered their price objective on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company dropped their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.89.

Coty Trading Down 0.9 %

Shares of COTY opened at $5.94 on Wednesday. Coty Inc. has a 1-year low of $5.42 and a 1-year high of $13.30. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -593.50, a PEG ratio of 0.81 and a beta of 1.89. The firm’s 50-day moving average price is $6.78 and its 200-day moving average price is $7.84. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. Sell-side analysts anticipate that Coty Inc. will post 0.39 EPS for the current year.

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.