Fox Run Management L.L.C. Boosts Holdings in Coty Inc. (NYSE:COTY)

Fox Run Management L.L.C. lifted its position in shares of Coty Inc. (NYSE:COTY) by 141.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,741 shares of the company’s stock after buying an additional 37,396 shares during the period. Fox Run Management L.L.C.’s holdings in Coty were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Retirement Systems of Alabama increased its stake in Coty by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock worth $3,092,000 after acquiring an additional 1,472 shares during the last quarter. Stephens Inc. AR raised its holdings in Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock valued at $108,000 after buying an additional 1,672 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Coty by 16.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock valued at $94,000 after buying an additional 1,893 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Coty by 26.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after buying an additional 2,110 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after acquiring an additional 3,186 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on COTY shares. Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $8.00 in a research report on Thursday, March 20th. Stifel Nicolaus lowered their price target on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company cut their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Evercore ISI lowered their target price on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Barclays cut their price target on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.66.

Coty Trading Down 0.9 %

COTY opened at $5.49 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. Coty Inc. has a one year low of $5.35 and a one year high of $11.99. The company has a market cap of $4.79 billion, a P/E ratio of -549.00, a PEG ratio of 0.81 and a beta of 1.97. The business’s 50-day simple moving average is $6.24 and its 200-day simple moving average is $7.28.

Coty (NYSE:COTY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. As a group, equities research analysts expect that Coty Inc. will post 0.39 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.