Stifel Financial Corp Has $847,000 Stock Holdings in Coty Inc. (NYSE:COTY)

Stifel Financial Corp trimmed its position in shares of Coty Inc. (NYSE:COTY) by 4.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 90,225 shares of the company’s stock after selling 3,827 shares during the quarter. Stifel Financial Corp’s holdings in Coty were worth $847,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares in the last quarter. WealthShield Partners LLC acquired a new stake in Coty during the second quarter valued at approximately $100,000. Capstone Investment Advisors LLC bought a new stake in shares of Coty in the 3rd quarter valued at approximately $109,000. Quadrature Capital Ltd acquired a new position in shares of Coty in the 3rd quarter worth approximately $124,000. Finally, American Century Companies Inc. lifted its position in shares of Coty by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after buying an additional 1,414 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Cowen lowered Coty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. Raymond James dropped their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group started coverage on shares of Coty in a research report on Friday, December 13th. They issued a “neutral” rating and a $9.00 price target on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Finally, Stifel Nicolaus cut their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Coty has a consensus rating of “Moderate Buy” and an average price target of $11.41.

Coty Stock Down 0.4 %

Shares of NYSE:COTY opened at $7.04 on Wednesday. The company has a 50 day moving average price of $7.47 and a two-hundred day moving average price of $8.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The company has a market capitalization of $6.12 billion, a PE ratio of 41.41, a PEG ratio of 0.75 and a beta of 1.89. Coty Inc. has a 52 week low of $6.87 and a 52 week high of $13.30.

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