Envestnet Asset Management Inc. Sells 667,436 Shares of Coty Inc. (NYSE:COTY)

Envestnet Asset Management Inc. reduced its position in Coty Inc. (NYSE:COTY - Free Report) by 66.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 330,207 shares of the company's stock after selling 667,436 shares during the period. Envestnet Asset Management Inc.'s holdings in Coty were worth $2,298,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after buying an additional 3,186 shares during the period. Allworth Financial LP grew its stake in Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after acquiring an additional 3,328 shares in the last quarter. Blue Trust Inc. lifted its position in Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock worth $49,000 after buying an additional 3,877 shares in the last quarter. R Squared Ltd purchased a new stake in Coty in the 4th quarter valued at $54,000. Finally, US Bancorp DE grew its holdings in shares of Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company's stock valued at $66,000 after purchasing an additional 5,088 shares during the period. 42.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. DA Davidson reaffirmed a "buy" rating and issued a $12.50 target price on shares of Coty in a report on Thursday, February 6th. Morgan Stanley cut their target price on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Evercore ISI dropped their price objective on Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, Stifel Nicolaus decreased their price objective on Coty from $8.00 to $6.50 and set a "hold" rating for the company in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Coty presently has a consensus rating of "Hold" and an average price target of $8.24.

Coty Stock Performance

COTY traded up $0.03 on Tuesday, hitting $5.01. 4,174,916 shares of the stock traded hands, compared to its average volume of 5,307,602. Coty Inc. has a 52 week low of $4.56 and a 52 week high of $11.77. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4.37 billion, a PE ratio of -501.00, a P/E/G ratio of 0.81 and a beta of 1.75. The business has a fifty day moving average price of $5.36 and a two-hundred day moving average price of $6.55.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, research analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal year.

About Coty

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.