Private Advisor Group LLC Sells 33,430 Shares of Coty Inc. (NYSE:COTY)

Private Advisor Group LLC decreased its holdings in Coty Inc. (NYSE:COTY) by 28.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,166 shares of the company’s stock after selling 33,430 shares during the period. Private Advisor Group LLC’s holdings in Coty were worth $809,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates raised its position in Coty by 13.2% during the third quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock valued at $3,273,000 after purchasing an additional 40,572 shares during the period. Blue Trust Inc. increased its holdings in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after acquiring an additional 2,385 shares during the period. Compass Wealth Management LLC increased its holdings in shares of Coty by 12.6% in the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after acquiring an additional 65,900 shares during the period. Covea Finance increased its holdings in shares of Coty by 52.2% in the 3rd quarter. Covea Finance now owns 175,000 shares of the company’s stock valued at $1,643,000 after acquiring an additional 60,000 shares during the period. Finally, Fulton Bank N.A. increased its holdings in shares of Coty by 16.1% in the 3rd quarter. Fulton Bank N.A. now owns 26,214 shares of the company’s stock valued at $246,000 after acquiring an additional 3,636 shares during the period. Institutional investors own 42.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COTY shares. Bank of America dropped their target price on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Jefferies Financial Group reduced their price target on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft reduced their price target on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Barclays reduced their target price on Coty from $10.00 to $8.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Finally, Piper Sandler cut their price target on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.15.

Coty Trading Up 0.5 %

COTY stock opened at $7.48 on Friday. Coty Inc. has a 52 week low of $7.34 and a 52 week high of $13.30. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 93.50, a PEG ratio of 1.12 and a beta of 1.89. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $8.78 and a 200-day simple moving average of $9.72.

Coty (NYSE:COTY) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. On average, equities research analysts expect that Coty Inc. will post 0.55 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.