Bank of New York Mellon Corp Acquires 79,627 Shares of Coty Inc. (NYSE:COTY)

Bank of New York Mellon Corp lifted its holdings in Coty Inc. (NYSE:COTY) by 2.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,071,969 shares of the company’s stock after buying an additional 79,627 shares during the quarter. Bank of New York Mellon Corp’s holdings in Coty were worth $30,781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quent Capital LLC lifted its holdings in Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after buying an additional 4,810 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Coty during the second quarter valued at $107,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after acquiring an additional 1,104 shares during the last quarter. EntryPoint Capital LLC increased its position in Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after purchasing an additional 8,419 shares during the period. Finally, Norden Group LLC bought a new stake in Coty during the 1st quarter worth about $146,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COTY shares. Evercore ISI reiterated an “outperform” rating and set a $15.00 price target on shares of Coty in a research report on Wednesday, August 21st. Stifel Nicolaus dropped their target price on shares of Coty from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Citigroup reduced their price target on Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Bank of America dropped their price objective on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Barclays reduced their target price on Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, August 22nd. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.85.

Coty Stock Up 0.6 %

Coty stock opened at $9.44 on Wednesday. The company has a 50 day moving average of $9.70 and a 200-day moving average of $10.72. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. Coty Inc. has a twelve month low of $8.79 and a twelve month high of $13.30. The stock has a market capitalization of $8.19 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 0.70 and a beta of 1.91.

Coty (NYSE:COTY) last announced its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. Coty’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share. On average, equities research analysts anticipate that Coty Inc. will post 0.56 EPS for the current fiscal year.

About Coty

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.