State of Alaska Department of Revenue Raises Holdings in Coty Inc. (NYSE:COTY)

State of Alaska Department of Revenue boosted its position in Coty Inc. (NYSE:COTY) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 42,339 shares of the company’s stock after acquiring an additional 1,545 shares during the period. State of Alaska Department of Revenue’s holdings in Coty were worth $397,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Coty by 9.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after buying an additional 1,104 shares in the last quarter. American Century Companies Inc. raised its holdings in Coty by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after acquiring an additional 1,414 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Coty by 3.1% during the first quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock worth $789,000 after acquiring an additional 2,012 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Coty by 0.3% in the first quarter. Swiss National Bank now owns 792,401 shares of the company’s stock worth $9,477,000 after acquiring an additional 2,300 shares during the period. Finally, Blue Trust Inc. grew its position 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 purchasing an additional 2,385 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Trading Down 1.2 %

Shares of COTY stock opened at $7.17 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46. The firm has a fifty day moving average price of $8.57 and a 200-day moving average price of $9.60. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 1.09 and a beta of 1.91. Coty Inc. has a 1 year low of $7.02 and a 1 year high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. Coty’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. As a group, equities analysts predict that Coty Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COTY. JPMorgan Chase & Co. lowered their price target on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Barclays lowered shares of Coty from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $8.00 to $7.00 in a research report on Thursday. Citigroup decreased their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Finally, Stifel Nicolaus dropped their price objective on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coty presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.97.

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.