Coty Inc. (NYSE:COTY) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in Coty Inc. (NYSE:COTY) by 6.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,189 shares of the company’s stock after selling 1,153 shares during the quarter. ProShare Advisors LLC’s holdings in Coty were worth $172,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of COTY. Quent Capital LLC raised its holdings in Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC purchased a new stake in shares of Coty in the second quarter valued at approximately $100,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Coty in the second quarter valued at approximately $107,000. Envestnet Portfolio Solutions Inc. grew its holdings in Coty by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after acquiring an additional 1,104 shares during the period. Finally, EntryPoint Capital LLC raised its position in Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after acquiring an additional 8,419 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

COTY has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their price target on shares of Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Barclays dropped their target price on shares of Coty from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Piper Sandler decreased their price target on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Evercore ISI restated an “outperform” rating and issued a $15.00 price target on shares of Coty in a report on Wednesday, August 21st. Finally, Wells Fargo & Company reduced their price objective on Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.85.

Coty Trading Up 0.7 %

Shares of COTY stock opened at $8.99 on Friday. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 0.69 and a beta of 1.89. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average price of $9.34 and a 200 day moving average price of $10.18. Coty Inc. has a twelve month low of $8.66 and a twelve month high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. Research analysts forecast that Coty Inc. will post 0.56 earnings per share for the current fiscal 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.