Coty (NYSE:COTY) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Coty (NYSE:COTY - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,951,866 shares of the company's stock after selling 87,518 shares during the quarter. Bank of New York Mellon Corp owned about 0.34% of Coty worth $16,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new position in Coty during the 4th quarter worth $44,401,000. Man Group plc acquired a new position in shares of Coty during the 4th quarter worth $28,473,000. Caisse Des Depots ET Consignations acquired a new position in shares of Coty during the 4th quarter worth $19,663,000. Assenagon Asset Management S.A. grew its stake in shares of Coty by 162.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,300,292 shares of the company's stock worth $23,523,000 after purchasing an additional 2,660,221 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Coty by 12.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock worth $140,691,000 after purchasing an additional 2,175,120 shares during the period. Hedge funds and other institutional investors own 42.36% of the company's stock.

Coty Trading Up 6.0%

Shares of COTY stock traded up $0.29 during trading hours on Tuesday, hitting $5.06. 4,379,674 shares of the company were exchanged, compared to its average volume of 6,405,777. Coty has a 1 year low of $4.46 and a 1 year high of $10.30. The firm has a fifty day moving average of $4.92 and a 200 day moving average of $5.51. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03. The firm has a market cap of $4.41 billion, a PE ratio of -10.53, a PEG ratio of 0.67 and a beta of 1.91.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The company's quarterly revenue was down 6.2% on a year-over-year basis. Analysts expect that Coty will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Coty in a research note on Tuesday, March 25th. They set a "buy" rating and a $7.50 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Barclays lowered their price objective on shares of Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a research note on Friday, April 11th. BNP Paribas cut shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective on the stock. in a research note on Friday, April 11th. Finally, Royal Bank Of Canada lowered their price objective on shares of Coty from $13.00 to $12.00 and set an "outperform" 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 assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Coty has a consensus rating of "Hold" and a consensus price target of $7.80.

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.