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

FMR LLC lowered its position in shares of Coty Inc. (NYSE:COTY - Free Report) by 97.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,940 shares of the company's stock after selling 831,459 shares during the period. FMR LLC's holdings in Coty were worth $178,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its holdings 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 last quarter. WealthShield Partners LLC acquired a new stake in Coty in the second quarter valued at $100,000. Fifth Third Wealth Advisors LLC bought a new position in Coty during the 2nd quarter valued at $107,000. Envestnet Portfolio Solutions Inc. grew its holdings in Coty by 9.8% during 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 in the last quarter. Finally, American Century Companies Inc. grew its holdings in Coty by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company's stock worth $148,000 after acquiring an additional 1,414 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Coty from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Stifel Nicolaus decreased their target price on Coty from $11.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, October 15th. DA Davidson reiterated a "buy" rating and issued a $12.50 price target on shares of Coty in a report on Wednesday. The Goldman Sachs Group began coverage on Coty in a research note on Friday, December 13th. They set a "neutral" rating and a $9.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of Coty from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Coty currently has a consensus rating of "Moderate Buy" and an average target price of $11.41.

Coty Stock Performance

Shares of NYSE:COTY traded up $0.04 during trading hours on Friday, hitting $7.04. The stock had a trading volume of 11,089,268 shares, compared to its average volume of 4,297,765. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The stock's fifty day simple moving average is $7.51 and its 200 day simple moving average is $8.84. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 0.75 and a beta of 1.89. Coty Inc. has a 1-year low of $6.87 and a 1-year high of $13.30.

Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm's revenue was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Coty 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.