State of Alaska Department of Revenue Increases Position in Coty Inc. (NYSE:COTY)

State of Alaska Department of Revenue increased its holdings in shares of Coty Inc. (NYSE:COTY) by 3.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 42,339 shares of the company’s stock after acquiring an additional 1,545 shares during the period. State of Alaska Department of Revenue’s holdings in Coty were worth $397,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. M&G Plc increased its stake in Coty by 41.4% in the 2nd quarter. M&G Plc now owns 509,694 shares of the company’s stock worth $5,097,000 after buying an additional 149,351 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Coty by 733.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after acquiring an additional 1,671,897 shares during the period. Compass Wealth Management LLC boosted its holdings in shares of Coty by 12.6% in the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after purchasing an additional 65,900 shares during the period. Renaissance Technologies LLC grew its stake in Coty by 40.2% in the second quarter. Renaissance Technologies LLC now owns 522,630 shares of the company’s stock worth $5,237,000 after purchasing an additional 149,900 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. increased its holdings in Coty by 50.9% during the 2nd quarter. Savoir Faire Capital Management L.P. now owns 440,607 shares of the company’s stock worth $4,415,000 after purchasing an additional 148,607 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

COTY opened at $7.17 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96. Coty Inc. has a 12-month low of $7.02 and a 12-month high of $13.30. The firm has a 50 day moving average of $8.57 and a two-hundred day moving average of $9.60. The firm has a market capitalization of $6.22 billion, a PE ratio of 42.15, a P/E/G ratio of 1.09 and a beta of 1.91.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 8.05% and a net margin of 1.46%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts anticipate that Coty Inc. will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. DA Davidson decreased their price objective on Coty from $17.00 to $14.50 and set a “buy” rating for the company in a report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Citigroup lowered their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Finally, Wells Fargo & Company reduced their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.97.

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.