Xponance Inc. Reduces Stock Position in Coty Inc. (NYSE:COTY)

Xponance Inc. reduced its holdings in shares of Coty Inc. (NYSE:COTY) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,302 shares of the company’s stock after selling 4,471 shares during the quarter. Xponance Inc.’s holdings in Coty were worth $404,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sea Cliff Partners Management LP purchased a new position in Coty in the fourth quarter valued at approximately $24,803,000. Assenagon Asset Management S.A. raised its stake in Coty by 733.0% during the 2nd 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 in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Coty by 78.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock valued at $37,972,000 after acquiring an additional 1,395,230 shares during the last quarter. FIL Ltd boosted its stake in Coty by 10.6% in the fourth quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock valued at $178,171,000 after acquiring an additional 1,375,857 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Coty by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after purchasing an additional 890,626 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Down 1.3 %

COTY opened at $9.39 on Tuesday. The business has a 50 day simple moving average of $9.41 and a 200-day simple moving average of $10.27. Coty Inc. has a 12 month low of $8.66 and a 12 month high of $13.30. The stock has a market capitalization of $8.15 billion, a P/E ratio of 40.57, a P/E/G ratio of 0.69 and a beta of 1.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46.

Coty (NYSE:COTY) last posted its quarterly 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). Coty had a return on equity of 8.05% and a net margin of 1.46%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Coty Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on COTY shares. Bank of America decreased their target price on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Evercore ISI restated an “outperform” rating and set a $15.00 target price on shares of Coty in a research report on Wednesday, August 21st. Citigroup reduced their price target on shares of Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays lowered their price objective on shares of Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Finally, DA Davidson upped their target price on shares of Coty from $16.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and an average target price of $12.85.

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.