Compass Wealth Management LLC Increases Stock Position in Coty (NYSE:COTY)

Compass Wealth Management LLC grew its holdings in shares of Coty (NYSE:COTY - Free Report) by 33.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 623,325 shares of the company's stock after purchasing an additional 155,450 shares during the period. Compass Wealth Management LLC owned approximately 0.07% of Coty worth $3,410,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of COTY. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Coty by 16.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock worth $94,000 after buying an additional 1,893 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Coty by 26.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock worth $69,000 after buying an additional 2,110 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Coty by 55.3% during the fourth 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 in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after purchasing an additional 3,186 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Coty by 15.1% in the fourth quarter. Cetera Investment Advisers now owns 24,370 shares of the company's stock valued at $170,000 after acquiring an additional 3,191 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on COTY shares. Stifel Nicolaus reduced their price target on shares of Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research report on Thursday, April 10th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $5.00 price objective (down from $8.00) on shares of Coty in a report on Thursday, May 8th. Berenberg Bank initiated coverage on Coty in a research note on Tuesday, March 25th. They set a "buy" rating and a $7.50 price target for the company. Raymond James Financial downgraded Coty from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 17th. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Coty currently has a consensus rating of "Hold" and an average price target of $7.80.

Coty Price Performance

Shares of NYSE COTY opened at $5.11 on Friday. Coty has a fifty-two week low of $4.46 and a fifty-two week high of $10.54. 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 $4.45 billion, a PE ratio of -10.64, a price-to-earnings-growth ratio of 0.69 and a beta of 1.91. The business has a 50 day moving average price of $4.93 and a two-hundred day moving average price of $5.67.

Coty (NYSE:COTY - Get Free Report) last issued its 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 positive return on equity of 5.61% and a negative net margin of 6.60%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business posted $0.05 EPS. Coty's revenue was down 6.2% compared to the same quarter last year. Sell-side analysts expect that Coty will post 0.39 earnings per share for the current fiscal year.

Coty 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.

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