Vaughan Nelson Investment Management L.P. Has $52.98 Million Holdings in Coty Inc. (NYSE:COTY)

Vaughan Nelson Investment Management L.P. grew its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 42.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,642,602 shares of the company's stock after buying an additional 1,687,045 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.65% of Coty worth $52,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in shares of 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. Quent Capital LLC boosted its stake in shares of Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company's stock worth $52,000 after acquiring an additional 4,810 shares in the last quarter. WealthShield Partners LLC bought a new stake in shares of Coty during the 2nd quarter worth $100,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Coty in the 2nd quarter worth $107,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Coty by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company's stock worth $124,000 after purchasing an additional 1,104 shares during the period. 42.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COTY has been the topic of several analyst reports. TD Cowen downgraded shares of Coty from a "buy" rating to a "hold" rating and dropped their target price for the stock from $11.00 to $8.50 in a research report on Wednesday. DA Davidson lowered their price objective on shares of Coty from $14.50 to $12.50 and set a "buy" rating on the stock in a research report on Monday, November 11th. Evercore ISI restated an "outperform" rating and issued a $15.00 target price on shares of Coty in a report on Wednesday, August 21st. Stifel Nicolaus lowered their price target on Coty from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.56.

Coty Trading Down 5.1 %

Shares of NYSE:COTY traded down $0.39 during midday trading on Friday, hitting $7.20. The company had a trading volume of 7,307,553 shares, compared to its average volume of 6,085,674. 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 $7.02 and a 12 month high of $13.30. The firm has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $9.46. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 42.35, a PEG ratio of 0.70 and a beta of 1.91.

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