Oak Thistle LLC Makes New $808,000 Investment in Coty Inc. (NYSE:COTY)

Oak Thistle LLC purchased a new stake in shares of Coty Inc. (NYSE:COTY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 116,062 shares of the company's stock, valued at approximately $808,000.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in Coty by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock worth $6,981,000 after buying an additional 107,014 shares during the last quarter. Tidal Investments LLC grew its position in shares of Coty by 26.6% during the 3rd quarter. Tidal Investments LLC now owns 201,398 shares of the company's stock valued at $1,891,000 after acquiring an additional 42,295 shares during the period. Virtu Financial LLC purchased a new stake in shares of Coty during the 3rd quarter worth approximately $96,000. Neo Ivy Capital Management bought a new stake in shares of Coty in the 3rd quarter worth approximately $1,684,000. Finally, Barclays PLC raised its holdings in shares of Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after purchasing an additional 693,961 shares during the period. 42.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COTY. Royal Bank of Canada reissued an "outperform" rating and set a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut their price target on Coty from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Jefferies Financial Group dropped their price objective on shares of Coty from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Canaccord Genuity Group reiterated a "buy" rating and set a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. Finally, Barclays lowered shares of Coty from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.29.

Coty Price Performance

Shares of COTY traded up $0.31 during mid-day trading on Thursday, reaching $7.22. 6,376,496 shares of the stock traded hands, compared to its average volume of 5,232,642. Coty Inc. has a 1 year low of $6.59 and a 1 year high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 42.44, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89. The firm has a fifty day moving average price of $7.21 and a 200 day moving average price of $8.47.

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). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter last year, the firm posted $0.09 earnings per share. The firm's revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts predict that Coty Inc. will post 0.51 earnings per share for the current 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.