Coty Inc. (NYSE:COTY) Shares Sold by PDT Partners LLC

PDT Partners LLC cut its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 94.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,541 shares of the company's stock after selling 231,231 shares during the period. PDT Partners LLC's holdings in Coty were worth $118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock worth $31,000 after purchasing an additional 2,385 shares during the period. WealthShield Partners LLC acquired a new position in Coty during the 2nd quarter worth approximately $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Coty in the 2nd quarter worth approximately $107,000. Capstone Investment Advisors LLC acquired a new stake in shares of Coty in the 3rd quarter worth approximately $109,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company's stock worth $124,000 after acquiring an additional 1,104 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COTY. Raymond James lowered their price target on Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Canaccord Genuity Group restated a "buy" rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Barclays cut Coty from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus reduced their target price on Coty from $11.00 to $10.00 and set a "hold" rating on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $11.56.

Coty Trading Down 0.4 %

Shares of Coty stock traded down $0.03 during trading hours on Thursday, reaching $7.64. 3,813,518 shares of the company's stock were exchanged, compared to its average volume of 4,255,728. Coty Inc. has a 52-week low of $6.93 and a 52-week high of $13.30. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 45.12, a price-to-earnings-growth ratio of 0.74 and a beta of 1.89. The company has a fifty day moving average of $7.93 and a 200-day moving average of $9.10. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. Sell-side analysts forecast that Coty Inc. will post 0.51 EPS for the current fiscal year.

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.