State Street Corp Buys 251,964 Shares of Coty Inc. (NYSE:COTY)

State Street Corp lifted its position in Coty Inc. (NYSE:COTY - Free Report) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,043,208 shares of the company's stock after purchasing an additional 251,964 shares during the period. State Street Corp owned about 1.27% of Coty worth $103,696,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Coty by 330.3% in 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 in the last quarter. WealthShield Partners LLC bought a new stake in Coty during the 2nd quarter valued at approximately $100,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Coty during the 2nd quarter worth approximately $107,000. Capstone Investment Advisors LLC bought a new position in shares of Coty in the 3rd quarter worth approximately $109,000. Finally, Envestnet Portfolio Solutions Inc. lifted 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 period. 42.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on COTY. Royal Bank of Canada reissued an "outperform" rating and set a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. Evercore ISI reissued an "outperform" rating and set a $15.00 price objective on shares of Coty in a research note on Wednesday, August 21st. Raymond James dropped their price target on Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group assumed coverage on Coty in a research report on Friday. They set a "neutral" rating and a $9.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on Coty from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.41.

Coty Stock Performance

COTY stock traded down $0.04 on Monday, hitting $7.46. The company had a trading volume of 5,807,979 shares, compared to its average volume of 4,276,850. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. Coty Inc. has a 12-month low of $6.93 and a 12-month high of $13.30. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 43.88, a P/E/G ratio of 0.75 and a beta of 1.89. The stock's 50-day simple moving average is $7.70 and its 200 day simple moving average is $8.95.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The business's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.09 earnings per share. As a group, equities research analysts expect that Coty Inc. will post 0.51 earnings per share 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.