Coty Inc. (NYSE:COTY) Holdings Decreased by Millennium Management LLC

Millennium Management LLC lowered its stake in Coty Inc. (NYSE:COTY) by 58.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 946,939 shares of the company’s stock after selling 1,339,066 shares during the quarter. Millennium Management LLC owned about 0.11% of Coty worth $9,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quent Capital LLC increased its position in shares of Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares during the period. WealthShield Partners LLC acquired a new position in Coty during the second quarter worth about $100,000. Fifth Third Wealth Advisors LLC bought a new stake in Coty in the second quarter worth about $107,000. Envestnet Portfolio Solutions Inc. lifted its holdings in Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after acquiring an additional 1,104 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its position in shares of Coty by 260.4% during the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after purchasing an additional 8,419 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Trading Down 2.6 %

NYSE COTY opened at $9.12 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96. Coty Inc. has a 1-year low of $8.66 and a 1-year high of $13.30. The firm’s fifty day simple moving average is $9.32 and its 200-day simple moving average is $10.13. The company has a market capitalization of $7.91 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89.

Coty (NYSE:COTY) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share. As a group, sell-side analysts anticipate that Coty Inc. will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup cut their target price on shares of Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company decreased their target price on Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Jefferies Financial Group raised Coty from a “hold” rating to a “buy” rating and upped their target price for the company from $11.00 to $12.00 in a report on Monday. Evercore ISI reissued an “outperform” rating and issued a $15.00 price target on shares of Coty in a research note on Wednesday, August 21st. Finally, Stifel Nicolaus reduced their price objective on shares of Coty from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Coty presently has an average rating of “Moderate Buy” and a consensus price target of $12.80.

Coty 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.