MQS Management LLC Increases Stock Position in Coty Inc. (NYSE:COTY)

MQS Management LLC boosted its holdings in Coty Inc. (NYSE:COTY) by 60.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,694 shares of the company’s stock after buying an additional 10,054 shares during the period. MQS Management LLC’s holdings in Coty were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Coty by 330.3% in 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. Quent Capital LLC grew 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 valued at $52,000 after buying an additional 4,810 shares in the last quarter. WealthShield Partners LLC bought a new stake in shares of Coty during the second quarter valued at about $100,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Coty in the second quarter worth about $107,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after buying an additional 1,104 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Price Performance

Shares of NYSE:COTY opened at $7.59 on Friday. The company’s fifty day moving average is $8.46 and its 200 day moving average is $9.50. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. Coty Inc. has a 52 week low of $7.02 and a 52 week high of $13.30. The stock has a market cap of $6.58 billion, a PE ratio of 44.62, a PEG ratio of 0.73 and a beta of 1.91.

Coty (NYSE:COTY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. Research analysts anticipate that Coty Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on COTY shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Citigroup lowered their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. reduced their target price on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Evercore ISI restated an “outperform” rating and issued a $15.00 target price on shares of Coty in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.56.

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.