Victory Capital Management Inc. Sells 91,093 Shares of Coty Inc. (NYSE:COTY)

Victory Capital Management Inc. trimmed its position in shares of Coty Inc. (NYSE:COTY - Free Report) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,667,504 shares of the company's stock after selling 91,093 shares during the period. Victory Capital Management Inc. owned about 0.31% of Coty worth $25,048,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of COTY. M&G Plc boosted its holdings in Coty by 41.4% during the 2nd quarter. M&G Plc now owns 509,694 shares of the company's stock valued at $5,097,000 after acquiring an additional 149,351 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Coty by 733.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company's stock worth $19,038,000 after purchasing an additional 1,671,897 shares during the last quarter. Compass Wealth Management LLC increased its stake in shares of Coty by 12.6% in the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company's stock worth $5,547,000 after buying an additional 65,900 shares during the period. Aigen Investment Management LP bought a new stake in Coty during the 3rd quarter valued at $681,000. Finally, Renaissance Technologies LLC raised its holdings in Coty by 40.2% during the 2nd quarter. Renaissance Technologies LLC now owns 522,630 shares of the company's stock valued at $5,237,000 after buying an additional 149,900 shares during the last quarter. Institutional investors own 42.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COTY. Raymond James decreased their price objective on shares of Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Wells Fargo & Company cut their price objective 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. Citigroup decreased their target price on Coty from $10.50 to $10.00 and set a "neutral" rating for the company in a report on Monday, October 14th. Finally, TD Cowen cut shares of Coty from a "buy" rating to a "hold" rating and cut their price target for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $11.56.

Coty Stock Down 2.1 %

Coty stock traded down $0.15 during mid-day trading on Monday, reaching $7.05. The stock had a trading volume of 2,678,140 shares, compared to its average volume of 4,232,554. Coty Inc. has a one year low of $6.93 and a one year high of $13.30. The company has a 50-day moving average price of $8.39 and a two-hundred day moving average price of $9.43. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 0.70 and a beta of 1.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The business 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 company's quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.09 earnings per share. On average, analysts expect 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.