Coty Inc. (NYSE:COTY) Short Interest Update

Coty Inc. (NYSE:COTY) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 13,140,000 shares, an increase of 5.5% from the November 30th total of 12,460,000 shares. Approximately 3.6% of the shares of the company are sold short. Based on an average trading volume of 5,330,000 shares, the days-to-cover ratio is currently 2.5 days.

Coty Trading Down 1.4 %

Shares of COTY opened at $6.86 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a 52-week low of $6.80 and a 52-week high of $13.30. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 0.75 and a beta of 1.89. The business’s fifty day moving average is $7.34 and its 200-day moving average is $8.67.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. Equities analysts anticipate that Coty will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COTY has been the subject of several research reports. Stifel Nicolaus dropped their price target on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, October 15th. DA Davidson reissued a “buy” rating and set a $12.50 target price on shares of Coty in a report on Wednesday, December 18th. Wells Fargo & Company decreased their price target on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. 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 research report on Tuesday, October 15th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $11.41.

Institutional Trading of Coty

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. boosted its stake in shares of Coty by 789.3% during the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after purchasing an additional 4,954,362 shares in the last quarter. SG Americas Securities LLC raised its holdings in Coty by 1,798.5% in the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock valued at $17,346,000 after buying an additional 1,750,021 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after buying an additional 1,687,045 shares during the period. Dimensional Fund Advisors LP boosted its position in Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after buying an additional 890,626 shares during the period. Finally, Armistice Capital LLC bought a new stake in Coty during the 2nd quarter worth approximately $8,883,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.