TCW Group Inc. Sells 942,756 Shares of Coty Inc. (NYSE:COTY)

TCW Group Inc. decreased its holdings in Coty Inc. (NYSE:COTY - Free Report) by 81.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 211,568 shares of the company's stock after selling 942,756 shares during the quarter. TCW Group Inc.'s holdings in Coty were worth $1,987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COTY. Envestnet Portfolio Solutions Inc. grew its position in Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company's stock valued at $124,000 after acquiring an additional 1,104 shares during the period. American Century Companies Inc. grew its holdings in shares of Coty by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company's stock worth $148,000 after purchasing an additional 1,414 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Coty by 3.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company's stock worth $397,000 after purchasing an additional 1,545 shares in the last quarter. Blue Trust Inc. lifted its holdings in Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock valued at $31,000 after purchasing an additional 2,385 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Coty by 2.3% in the second quarter. Arizona State Retirement System now owns 112,773 shares of the company's stock valued at $1,130,000 after buying an additional 2,500 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on COTY shares. Citigroup dropped their price objective on shares of Coty from $10.50 to $10.00 and set a "neutral" rating for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their price objective on Coty from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Jefferies Financial Group decreased their target price on Coty from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on Coty in a research note on Friday. They issued a "neutral" rating and a $9.00 target price for the company. Finally, Evercore ISI reiterated an "outperform" rating and set a $15.00 price target on shares of Coty in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $11.41.

Coty Trading Up 0.5 %

COTY traded up $0.04 during trading on Friday, reaching $7.51. 3,695,532 shares of the company's stock were exchanged, compared to its average volume of 4,270,493. The company's fifty day moving average price is $7.70 and its 200-day moving average price is $8.97. 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 firm has a market capitalization of $6.53 billion, a PE ratio of 44.15, a P/E/G ratio of 0.75 and a beta of 1.89. Coty Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $13.30.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm earned $0.09 earnings per share. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities analysts forecast that Coty Inc. will post 0.51 EPS 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.