American Century Companies Inc. Has $148,000 Stock Holdings in Coty Inc. (NYSE:COTY)

American Century Companies Inc. boosted its position in Coty Inc. (NYSE:COTY) by 10.6% during the second quarter, HoldingsChannel.com reports. The fund owned 14,746 shares of the company’s stock after buying an additional 1,414 shares during the quarter. American Century Companies Inc.’s holdings in Coty were worth $148,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in COTY. Quent Capital LLC increased its stake in shares of Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares during the last quarter. WealthShield Partners LLC bought a new position in Coty in the second quarter valued at about $100,000. Fifth Third Wealth Advisors LLC acquired a new position in Coty during the second quarter worth about $107,000. 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 acquiring an additional 1,104 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its stake in shares of Coty by 260.4% in the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after purchasing an additional 8,419 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays lowered their price objective on shares of Coty from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Canaccord Genuity Group reiterated a “buy” rating and issued a $14.00 price target on shares of Coty in a research note on Friday, September 13th. Wells Fargo & Company reduced their price objective on Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. DA Davidson increased their target price on Coty from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Piper Sandler cut their price target on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.85.

Coty Stock Up 0.7 %

Coty stock opened at $8.99 on Friday. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 0.69 and a beta of 1.89. Coty Inc. has a 52-week low of $8.66 and a 52-week high of $13.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. The firm has a 50 day moving average price of $9.34 and a two-hundred day moving average price of $10.19.

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 firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. Coty’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. Equities analysts predict that Coty Inc. will post 0.56 EPS for the current 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.