Short Interest in Coty Inc. (NYSE:COTY) Increases By 13.1%

Coty Inc. (NYSE:COTY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 15,470,000 shares, a growth of 13.1% from the September 15th total of 13,680,000 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average daily trading volume, of 3,970,000 shares, the short-interest ratio is currently 3.9 days.

Hedge Funds Weigh In On Coty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COTY. Quent Capital LLC lifted its holdings in shares of Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after buying an additional 4,810 shares in the last quarter. WealthShield Partners LLC acquired a new stake in shares of Coty during the second quarter worth $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Coty during the second quarter worth $107,000. Envestnet Portfolio Solutions Inc. raised its stake in Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after purchasing an additional 1,104 shares in the last quarter. Finally, EntryPoint Capital LLC raised its stake in Coty by 260.4% in the first 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 owned by institutional investors.

Wall Street Analyst Weigh In

COTY has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Coty in a report on Tuesday. Bank of America dropped their target price on shares of Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Stifel Nicolaus decreased their price target on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday. Citigroup decreased their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coty has an average rating of “Moderate Buy” and a consensus target price of $12.15.

Coty Trading Down 2.4 %

COTY stock opened at $7.99 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46. The company has a fifty day moving average price of $9.23 and a two-hundred day moving average price of $10.01. Coty has a one year low of $7.95 and a one year high of $13.30. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89.

Coty (NYSE:COTY) last released its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) EPS 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 the consensus estimate of $1.38 billion. During the same period last year, the firm earned $0.01 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts anticipate that Coty will post 0.56 EPS for the current year.

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.