104,600 Shares in Coty $COTY Bought by PDT Partners LLC

Key Points

• PDT Partners LLC acquired a new position in Coty by purchasing 104,600 shares, valued at approximately $572,000, as reported in their recent Form 13F filing.
• Insider transactions include CEO Sue Nabi buying 260,000 shares for over $1 million, increasing her ownership stake, while total insider purchases in the last quarter reached 334,900 shares valued at $1.32 million.
• Analysts have mixed views on Coty, with the stock rated as "Hold" on average, and target prices adjusted downward by various firms amid a challenging financial outlook.

PDT Partners LLC bought a new position in shares of Coty (NYSE:COTY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 104,600 shares of the company's stock, valued at approximately $572,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake 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 in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Coty by 1,006.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company's stock worth $40,000 after acquiring an additional 6,644 shares during the period. Callan Capital LLC acquired a new stake in shares of Coty in the 1st quarter worth approximately $56,000. Impact Capital Partners LLC acquired a new stake in shares of Coty in the 1st quarter worth approximately $61,000. Finally, Signaturefd LLC grew its holdings in shares of Coty by 607.0% in the 1st quarter. Signaturefd LLC now owns 13,376 shares of the company's stock worth $73,000 after acquiring an additional 11,484 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Trading Down 4.1%

Shares of COTY stock traded down $0.17 during mid-day trading on Wednesday, hitting $4.08. 1,459,106 shares of the company's stock were exchanged, compared to its average volume of 8,285,819. Coty has a fifty-two week low of $3.67 and a fifty-two week high of $9.70. The stock has a 50-day simple moving average of $4.73 and a two-hundred day simple moving average of $4.99. The company has a quick ratio of 0.46, a current ratio of 0.77 and a debt-to-equity ratio of 1.06. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -9.28, a PEG ratio of 0.40 and a beta of 2.07.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Coty had a positive return on equity of 5.18% and a negative net margin of 6.24%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned ($0.03) EPS. Coty's revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts expect that Coty will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COTY. Wells Fargo & Company lowered their price target on Coty from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Friday, August 22nd. Barclays lowered their price target on Coty from $4.50 to $3.50 and set an "underweight" rating on the stock in a report on Friday, August 22nd. The Goldman Sachs Group lowered their price target on Coty from $6.00 to $4.50 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Berenberg Bank restated a "hold" rating and issued a $5.05 price target (down previously from $6.50) on shares of Coty in a report on Wednesday. Finally, Morgan Stanley lowered their price target on Coty from $5.00 to $4.25 and set an "equal weight" rating on the stock in a report on Monday, August 25th. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Coty presently has a consensus rating of "Hold" and an average target price of $6.06.

Insiders Place Their Bets

In other news, insider Priya Srinivasan bought 30,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average cost of $3.84 per share, with a total value of $115,200.00. Following the transaction, the insider owned 37,509 shares of the company's stock, valued at $144,034.56. This represents a 399.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kristin Blazewicz bought 29,400 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average cost of $4.30 per share, for a total transaction of $126,420.00. Following the completion of the transaction, the insider directly owned 829,142 shares in the company, valued at approximately $3,565,310.60. This trade represents a 3.68% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 334,900 shares of company stock worth $1,321,840 over the last ninety days. Company insiders own 6.00% of the company's stock.

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.