Point72 DIFC Ltd Makes New $622,000 Investment in Coty Inc. (NYSE:COTY)

Point72 DIFC Ltd bought a new position in shares of Coty Inc. (NYSE:COTY - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 66,253 shares of the company's stock, valued at approximately $622,000.

A number of other large investors have also added to or reduced their stakes in the business. Blue Trust Inc. raised its position in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock valued at $31,000 after buying an additional 2,385 shares in the last quarter. WealthShield Partners LLC acquired a new stake in shares of Coty in the second quarter valued at about $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in Coty during the 2nd quarter valued at approximately $107,000. Capstone Investment Advisors LLC acquired a new position in shares of Coty in the 3rd quarter worth approximately $109,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company's stock valued at $124,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors own 42.36% of the company's stock.

Coty Trading Down 0.3 %

COTY traded down $0.02 on Friday, hitting $7.62. 5,157,863 shares of the company were exchanged, compared to its average volume of 4,259,576. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty Inc. has a 12 month low of $6.93 and a 12 month high of $13.30. The firm has a fifty day simple moving average of $7.85 and a two-hundred day simple moving average of $9.07. The stock has a market capitalization of $6.63 billion, a PE ratio of 44.82, a price-to-earnings-growth ratio of 0.74 and a beta of 1.89.

Coty (NYSE:COTY - Get Free Report) last issued 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). Coty had a net margin of 2.78% and a return on equity of 9.16%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the company posted $0.09 earnings per share. The business's revenue was up 1.8% on a year-over-year basis. Sell-side analysts expect that Coty Inc. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Barclays lowered shares of Coty from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $8.00 to $7.00 in a report on Thursday, November 7th. Wells Fargo & Company decreased their price target on shares of Coty from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. Citigroup cut their price target on Coty from $10.50 to $10.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Finally, DA Davidson dropped their price objective on Coty from $14.50 to $12.50 and set a "buy" rating on the stock in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.56.

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.