Coty Inc. (NYSE:COTY) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its stake in Coty Inc. (NYSE:COTY) by 330.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,107 shares of the company’s stock after buying an additional 2,385 shares during the period. Blue Trust Inc.’s holdings in Coty were worth $31,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its position in Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after buying an additional 1,104 shares during the period. American Century Companies Inc. increased its holdings in shares of Coty by 10.6% during the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after purchasing an additional 1,414 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of Coty by 3.1% during the first quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock valued at $789,000 after purchasing an additional 2,012 shares during the period. Swiss National Bank increased its holdings in shares of Coty by 0.3% during the first quarter. Swiss National Bank now owns 792,401 shares of the company’s stock valued at $9,477,000 after purchasing an additional 2,300 shares during the period. Finally, State of Michigan Retirement System increased its holdings in shares of Coty by 2.7% during the first quarter. State of Michigan Retirement System now owns 92,298 shares of the company’s stock valued at $1,104,000 after purchasing an additional 2,400 shares during the period. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Trading Up 0.5 %

NYSE:COTY opened at $7.48 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. Coty Inc. has a 1-year low of $7.34 and a 1-year high of $13.30. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 93.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.89. The stock has a fifty day simple moving average of $8.78 and a 200 day simple moving average of $9.72.

Coty (NYSE:COTY) last released 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 net margin of 1.46% and a return on equity of 8.05%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $0.01 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts forecast that Coty Inc. will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on COTY shares. JPMorgan Chase & Co. lowered their price target on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Jefferies Financial Group lowered their price target on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Evercore ISI reissued an “outperform” rating and set a $15.00 price target on shares of Coty in a report on Wednesday, August 21st. Finally, Raymond James lowered their price target on Coty from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Coty presently has an average rating of “Moderate Buy” and an average price target of $12.15.

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.