Raymond James & Associates boosted its stake in shares of Coty Inc. (NYSE:COTY – Free Report) by 13.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 348,560 shares of the company’s stock after acquiring an additional 40,572 shares during the quarter. Raymond James & Associates’ holdings in Coty were worth $3,273,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. M&G Plc increased its stake in Coty by 41.4% during the second quarter. M&G Plc now owns 509,694 shares of the company’s stock worth $5,097,000 after acquiring an additional 149,351 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Coty by 733.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after acquiring an additional 1,671,897 shares during the last quarter. Compass Wealth Management LLC increased its stake in Coty by 12.6% during the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock worth $5,547,000 after acquiring an additional 65,900 shares during the last quarter. Renaissance Technologies LLC increased its stake in Coty by 40.2% during the second quarter. Renaissance Technologies LLC now owns 522,630 shares of the company’s stock worth $5,237,000 after acquiring an additional 149,900 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. increased its stake in Coty by 50.9% during the second quarter. Savoir Faire Capital Management L.P. now owns 440,607 shares of the company’s stock worth $4,415,000 after acquiring an additional 148,607 shares during the last quarter. 42.36% of the stock is owned by institutional investors.
Analyst Ratings Changes
COTY has been the topic of several analyst reports. Jefferies Financial Group reduced their price objective on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft dropped their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. DA Davidson dropped their target price on Coty from $17.00 to $14.50 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Stifel Nicolaus dropped their target price on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.15.
Coty Stock Up 0.5 %
Shares of NYSE COTY opened at $7.48 on Monday. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 93.50, a PEG ratio of 1.09 and a beta of 1.91. Coty Inc. has a 52-week low of $7.34 and a 52-week high of $13.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. The stock has a 50 day moving average price of $8.78 and a 200 day moving average price of $9.71.
Coty (NYSE:COTY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. Sell-side analysts expect that Coty Inc. will post 0.55 earnings per share 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.
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