Kingswood Wealth Advisors LLC Takes Position in Coty Inc. (NYSE:COTY)

Kingswood Wealth Advisors LLC purchased a new stake in Coty Inc. (NYSE:COTY) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 10,565 shares of the company’s stock, valued at approximately $74,000.

Other institutional investors have also recently bought and sold shares of the company. PFG Investments LLC acquired a new stake in Coty during the 4th quarter valued at $75,000. Janney Montgomery Scott LLC acquired a new position in Coty during the fourth quarter valued at $267,000. Oak Thistle LLC purchased a new stake in Coty in the 4th quarter worth about $808,000. JPMorgan Chase & Co. lifted its stake in Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock worth $6,981,000 after acquiring an additional 107,014 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Coty by 26.6% during the 3rd quarter. Tidal Investments LLC now owns 201,398 shares of the company’s stock worth $1,891,000 after acquiring an additional 42,295 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Down 1.8 %

Coty stock opened at $7.35 on Monday. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 43.21, a P/E/G ratio of 0.77 and a beta of 1.89. The firm has a fifty day moving average price of $7.23 and a two-hundred day moving average price of $8.24. Coty Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $13.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55.

Coty (NYSE:COTY) last posted its quarterly earnings data 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). The business 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%. Coty’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, analysts forecast that Coty Inc. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Jefferies Financial Group lowered their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company dropped their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. DA Davidson reissued a “buy” rating and set a $12.50 price objective on shares of Coty in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coty currently has an average rating of “Moderate Buy” and an average price target of $11.24.

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.