Compass Wealth Management LLC Raises Holdings in Coty (NYSE:COTY)

Compass Wealth Management LLC increased its stake in shares of Coty (NYSE:COTY - Free Report) by 33.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 623,325 shares of the company's stock after acquiring an additional 155,450 shares during the period. Compass Wealth Management LLC owned 0.07% of Coty worth $3,410,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its position in shares of Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after buying an additional 3,186 shares during the period. GAMMA Investing LLC lifted its position in shares of Coty by 140.2% during the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after buying an additional 3,214 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after buying an additional 2,601 shares during the period. Impact Capital Partners LLC bought a new position in shares of Coty during the 1st quarter worth approximately $61,000. Finally, US Bancorp DE lifted its position in shares of Coty by 116.0% during the 4th quarter. US Bancorp DE now owns 9,473 shares of the company's stock worth $66,000 after buying an additional 5,088 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Stock Up 0.6%

COTY stock traded up $0.03 during mid-day trading on Wednesday, reaching $4.97. 6,677,307 shares of the company traded hands, compared to its average volume of 7,838,296. The firm's 50 day moving average price is $4.92 and its 200 day moving average price is $5.64. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03. Coty has a fifty-two week low of $4.46 and a fifty-two week high of $10.54. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of -10.35, a P/E/G ratio of 0.67 and a beta of 1.91.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share 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 business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the prior year, the firm posted $0.05 EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities research analysts predict that Coty will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COTY has been the subject of several analyst reports. Bank of America downgraded Coty from a "buy" rating to an "underperform" rating and cut their target price for the stock from $9.00 to $4.50 in a research report on Tuesday, April 15th. Barclays cut their price objective on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Friday, April 11th. Berenberg Bank assumed coverage on Coty in a research report on Tuesday, March 25th. They issued a "buy" rating and a $7.50 price objective for the company. The Goldman Sachs Group cut their price objective on Coty from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Wells Fargo & Company restated a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. 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. Based on data from MarketBeat, the company presently has an average 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.