SG Americas Securities LLC Reduces Stock Position in Coty Inc. (NYSE:COTY)

SG Americas Securities LLC lessened its stake in shares of Coty Inc. (NYSE:COTY) by 94.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,444 shares of the company’s stock after selling 1,746,884 shares during the quarter. SG Americas Securities LLC’s holdings in Coty were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COTY. Blue Trust Inc. grew its holdings in Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after buying an additional 2,385 shares during the period. Virtu Financial LLC purchased a new stake in Coty in the 3rd quarter valued at about $96,000. Capstone Investment Advisors LLC purchased a new stake in Coty in the 3rd quarter valued at about $109,000. Quadrature Capital Ltd purchased a new stake in Coty in the 3rd quarter valued at about $124,000. Finally, American Century Companies Inc. grew its holdings in Coty by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after buying an additional 1,414 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

COTY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Citigroup decreased their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. decreased their target price on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Barclays decreased their target price on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Coty has an average rating of “Moderate Buy” and a consensus target price of $11.24.

Coty Stock Performance

Coty stock opened at $7.28 on Thursday. The stock has a market cap of $6.33 billion, a P/E ratio of 42.79, a price-to-earnings-growth ratio of 0.74 and a beta of 1.89. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average of $7.22 and a 200-day moving average of $8.29. Coty Inc. has a 52 week low of $6.59 and a 52 week high of $13.30.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.15 EPS 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 business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company posted $0.09 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts expect that Coty Inc. will post 0.51 EPS for the current fiscal year.

Coty 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.