Intech Investment Management LLC Takes Position in Coty Inc. (NYSE:COTY)

Intech Investment Management LLC bought a new stake in shares of Coty Inc. (NYSE:COTY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 44,517 shares of the company’s stock, valued at approximately $446,000.

A number of other hedge funds have also recently modified their holdings of COTY. Sea Cliff Partners Management LP bought a new stake in shares of Coty during the 4th quarter valued at $24,803,000. Assenagon Asset Management S.A. raised its position in shares of Coty by 733.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after purchasing an additional 1,671,897 shares during the last quarter. Prevatt Capital Ltd purchased a new position in shares of Coty in the 4th quarter worth about $19,251,000. Vaughan Nelson Investment Management L.P. raised its position in shares of Coty by 78.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock worth $37,972,000 after purchasing an additional 1,395,230 shares during the last quarter. Finally, FIL Ltd raised its position in shares of Coty by 10.6% in the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock worth $178,171,000 after purchasing an additional 1,375,857 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on COTY shares. Bank of America lowered their price target on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Citigroup decreased their target price on Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company decreased their target price on Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 target price on shares of Coty in a research report on Friday, September 13th. Finally, DA Davidson boosted their target price on Coty from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.85.

Coty Trading Up 0.3 %

Shares of NYSE:COTY opened at $9.51 on Friday. The stock has a 50 day moving average of $9.42 and a 200 day moving average of $10.33. The company has a market cap of $8.25 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. 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 $8.66 and a 12-month high of $13.30.

Coty (NYSE:COTY) last announced its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. As a group, equities research analysts expect 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.