10,763 Shares in Coty Inc. (NYSE:COTY) Acquired by PFG Investments LLC

PFG Investments LLC bought a new stake in shares of Coty Inc. (NYSE:COTY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,763 shares of the company’s stock, valued at approximately $75,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Coty during the 3rd quarter worth about $96,000. Capstone Investment Advisors LLC acquired a new stake in shares of Coty in the 3rd quarter worth approximately $109,000. Quadrature Capital Ltd bought a new position in shares of Coty in the third quarter valued at approximately $124,000. Finally, American Century Companies Inc. increased its stake in shares of Coty by 10.6% during the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after acquiring an additional 1,414 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Trading Down 1.8 %

Shares of NYSE COTY opened at $7.35 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 one year low of $6.59 and a one year high of $13.30. The business has a 50-day moving average price of $7.23 and a two-hundred day moving average price of $8.25. The firm has a market capitalization of $6.39 billion, a PE ratio of 43.21, a PEG ratio of 0.77 and a beta of 1.89.

Coty (NYSE:COTY) last posted its quarterly 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). The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. As a group, analysts predict that Coty Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group began coverage on Coty in a research note on Friday, December 13th. They set a “neutral” rating and a $9.00 price target for the company. Stifel Nicolaus lowered their target price on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. Raymond James cut their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Barclays dropped their target price on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Finally, Jefferies Financial Group reduced their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.24.

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.