Janney Montgomery Scott LLC Purchases 103,828 Shares of Coty (NYSE:COTY)

Janney Montgomery Scott LLC increased its position in shares of Coty (NYSE:COTY - Free Report) by 270.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,219 shares of the company's stock after purchasing an additional 103,828 shares during the period. Janney Montgomery Scott LLC's holdings in Coty were worth $778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COTY. Steward Partners Investment Advisory LLC lifted its holdings in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after acquiring an additional 3,186 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Coty by 140.2% in the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after purchasing an additional 3,214 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after purchasing an additional 2,601 shares during the last quarter. US Bancorp DE boosted its holdings in Coty by 116.0% during the fourth quarter. US Bancorp DE now owns 9,473 shares of the company's stock worth $66,000 after buying an additional 5,088 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in 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. Institutional investors own 42.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada cut their target price on Coty from $13.00 to $12.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Bank of America downgraded Coty from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $9.00 to $4.50 in a report on Tuesday, April 15th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a research note on Wednesday, April 16th. Barclays dropped their target price on shares of Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Coty presently has an average rating of "Hold" and an average price target of $7.80.

Coty Stock Up 3.3%

Shares of NYSE COTY traded up $0.16 during trading hours on Wednesday, hitting $5.07. The stock had a trading volume of 12,328,723 shares, compared to its average volume of 6,205,510. The company has a market capitalization of $4.42 billion, a P/E ratio of 20.46, a P/E/G ratio of 0.67 and a beta of 1.91. The firm's 50-day moving average price is $4.92 and its two-hundred day moving average price is $5.71. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.51 and a current ratio of 0.82. Coty has a 52 week low of $4.46 and a 52 week high of $10.54.

Coty (NYSE:COTY - Get Free Report) last announced 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). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. Analysts anticipate that Coty will post 0.39 EPS for the current fiscal 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.