Savoir Faire Capital Management L.P. Sells 186,252 Shares of Coty Inc. (NYSE:COTY)

Savoir Faire Capital Management L.P. reduced its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 42.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 254,355 shares of the company's stock after selling 186,252 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Coty were worth $2,388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COTY. Blue Trust Inc. raised its position in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock worth $31,000 after acquiring an additional 2,385 shares during the last quarter. Quent Capital LLC raised its holdings in Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company's stock worth $52,000 after purchasing an additional 4,810 shares during the last quarter. WealthShield Partners LLC acquired a new position in shares of Coty in the 2nd quarter worth approximately $100,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Coty in the 2nd quarter valued at $107,000. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Coty by 9.8% during 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. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Up 0.2 %

COTY stock traded up $0.01 during mid-day trading on Tuesday, reaching $7.09. 4,875,261 shares of the company traded hands, compared to its average volume of 4,251,308. 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's 50 day moving average price is $8.35 and its 200 day moving average price is $9.40. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 0.71 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 - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company 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 quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. As a group, equities research analysts predict that Coty Inc. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on COTY shares. DA Davidson dropped their target price on shares of Coty from $14.50 to $12.50 and set a "buy" rating on the stock in a report on Monday, November 11th. Wells Fargo & Company cut their target price on Coty from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their target price on Coty from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut 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. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Coty in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.