MQS Management LLC Grows Stock Holdings in Coty Inc. (NYSE:COTY)

MQS Management LLC increased its holdings in Coty Inc. (NYSE:COTY) by 60.4% during the 3rd quarter, Holdings Channel reports. The firm owned 26,694 shares of the company’s stock after buying an additional 10,054 shares during the period. MQS Management LLC’s holdings in Coty were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Swiss National Bank increased its stake 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 buying an additional 2,300 shares during the period. Avantax Advisory Services Inc. raised its holdings in Coty by 3.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock worth $789,000 after purchasing an additional 2,012 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Coty in the 1st quarter worth about $477,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Coty by 0.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 398,197 shares of the company’s stock valued at $4,802,000 after purchasing an additional 2,977 shares in the last quarter. Finally, M&G Plc purchased a new position in shares of Coty during the first quarter valued at about $4,324,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Price Performance

Shares of COTY opened at $7.59 on Friday. The company has a market capitalization of $6.58 billion, a P/E ratio of 44.62, a price-to-earnings-growth ratio of 0.73 and a beta of 1.91. Coty Inc. has a twelve month low of $7.02 and a twelve month high of $13.30. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $8.46 and a 200 day moving average of $9.50.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. As a group, equities research analysts anticipate that Coty Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COTY has been the topic of several research reports. TD Cowen cut Coty from a “buy” rating to a “hold” rating and cut their price objective for the company from $11.00 to $8.50 in a research report on Wednesday. Raymond James dropped their price target on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their price objective 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, Stifel Nicolaus reduced their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.