Swiss National Bank Reduces Stock Position in Coty Inc. (NYSE:COTY)

Swiss National Bank lowered its holdings in shares of Coty Inc. (NYSE:COTY) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 762,401 shares of the company’s stock after selling 30,000 shares during the quarter. Swiss National Bank’s holdings in Coty were worth $7,159,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after acquiring an additional 2,385 shares during the period. Quent Capital LLC raised its position in Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC bought a new stake in Coty during the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC bought a new stake in Coty during the 2nd quarter valued at $107,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in Coty by 9.8% during the 2nd 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. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Up 2.9 %

Coty stock opened at $7.53 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The business’s 50-day simple moving average is $8.21 and its two-hundred day simple moving average is $9.28. The company has a market cap of $6.55 billion, a PE ratio of 44.29, a PEG ratio of 0.73 and a beta of 1.91. Coty Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Equities analysts anticipate that Coty Inc. will post 0.51 EPS for the current year.

Analyst Upgrades and Downgrades

COTY has been the subject of a number of research analyst reports. TD Cowen lowered Coty from a “buy” rating to a “hold” rating and decreased their target price for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. Stifel Nicolaus reduced their price target on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price target on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coty currently has an average rating of “Moderate Buy” and an average target price of $11.56.

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.