KBC Group NV Trims Stock Holdings in Coty Inc. (NYSE:COTY)

KBC Group NV reduced its stake in shares of Coty Inc. (NYSE:COTY) by 72.2% during the third quarter, Holdings Channel reports. The institutional investor owned 12,172 shares of the company’s stock after selling 31,672 shares during the period. KBC Group NV’s holdings in Coty were worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in COTY. MQS Management LLC raised its stake in Coty by 60.4% during the 3rd quarter. MQS Management LLC now owns 26,694 shares of the company’s stock worth $251,000 after acquiring an additional 10,054 shares during the period. Aigen Investment Management LP bought a new stake in shares of Coty during the 3rd quarter valued at $681,000. Entropy Technologies LP purchased a new position in shares of Coty during the 3rd quarter valued at $413,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Coty by 12.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 205,339 shares of the company’s stock valued at $1,928,000 after buying an additional 23,358 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in Coty by 19.3% in the 3rd quarter. Atria Investments Inc now owns 18,650 shares of the company’s stock worth $175,000 after buying an additional 3,022 shares during the period. 42.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Raymond James lowered their price objective on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Jefferies Financial Group cut their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Finally, Citigroup dropped their target price on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Coty has an average rating of “Moderate Buy” and an average target price of $11.56.

Coty Stock Up 0.7 %

Shares of NYSE COTY opened at $7.19 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. Coty Inc. has a 12-month low of $6.93 and a 12-month high of $13.30. The firm’s 50-day moving average price is $8.28 and its 200-day moving average price is $9.35. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 42.29, a P/E/G ratio of 0.70 and a beta of 1.91.

Coty (NYSE:COTY) last issued its quarterly earnings data 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 company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. On average, equities research analysts anticipate that Coty Inc. will post 0.51 EPS 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.