Gotham Asset Management LLC Has $1.49 Million Holdings in Coty Inc. (NYSE:COTY)

Gotham Asset Management LLC lifted its stake in shares of Coty Inc. (NYSE:COTY - Free Report) by 64.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 214,291 shares of the company's stock after purchasing an additional 84,298 shares during the quarter. Gotham Asset Management LLC's holdings in Coty were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Retirement Systems of Alabama boosted its position in shares of Coty by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock valued at $3,092,000 after purchasing an additional 1,472 shares during the period. Stephens Inc. AR increased its position in shares of Coty by 12.0% in the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock worth $108,000 after acquiring an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Coty by 16.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock valued at $94,000 after acquiring an additional 1,893 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock valued at $69,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after purchasing an additional 2,601 shares during the period. Institutional investors own 42.36% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on COTY. BNP Paribas cut Coty from an "outperform" rating to a "neutral" rating and set a $5.65 target price on the stock. in a research note on Friday, April 11th. DA Davidson reiterated a "buy" rating and issued a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Barclays cut their target price on shares of Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus lowered their price target on shares of Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Citigroup dropped their price target on shares of Coty from $8.00 to $6.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $7.80.

Coty Trading Up 0.2%

Shares of NYSE COTY traded up $0.01 during midday trading on Tuesday, hitting $5.04. The stock had a trading volume of 6,557,330 shares, compared to its average volume of 5,562,512. Coty Inc. has a fifty-two week low of $4.46 and a fifty-two week high of $10.80. The company's 50-day simple moving average is $5.13 and its 200 day simple moving average is $6.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The firm has a market cap of $4.39 billion, a P/E ratio of -504.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). Coty had a return on equity of 6.34% and a net margin of 0.22%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $0.05 EPS. Coty's quarterly revenue was down 6.2% on a year-over-year basis. Research analysts anticipate that Coty Inc. will post 0.39 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.