Savoir Faire Capital Management L.P. Sells 217,315 Shares of Coty (NYSE:COTY)

Savoir Faire Capital Management L.P. reduced its position in Coty (NYSE:COTY - Free Report) by 75.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 69,252 shares of the company's stock after selling 217,315 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Coty were worth $379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Coty by 140.2% in the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock valued at $30,000 after acquiring an additional 3,214 shares in the last quarter. Quadrant Capital Group LLC grew 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. Callan Capital LLC acquired a new position in shares of Coty in the first quarter valued at approximately $56,000. Impact Capital Partners LLC bought a new stake in shares of Coty in the first quarter worth $61,000. Finally, Scotia Capital Inc. acquired a new stake in Coty in the fourth quarter valued at $70,000. Institutional investors and hedge funds own 42.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on COTY. Raymond James Financial lowered shares of Coty from an "outperform" rating to a "market perform" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price target on shares of Coty from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. BNP Paribas lowered Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective for the company. in a research report on Friday, April 11th. Stifel Nicolaus cut their price target on Coty from $8.00 to $6.50 and set a "hold" rating for the company in a research note on Thursday, April 10th. Finally, Barclays cut their price objective on Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $7.80.

Coty Stock Down 0.4%

Shares of COTY traded down $0.02 during mid-day trading on Friday, hitting $4.92. 5,797,370 shares of the company traded hands, compared to its average volume of 6,414,670. The business has a 50 day moving average of $4.93 and a 200 day moving average of $5.53. The company has a market capitalization of $4.29 billion, a PE ratio of -10.25, a price-to-earnings-growth ratio of 0.67 and a beta of 1.91. Coty has a 1-year low of $4.46 and a 1-year high of $10.30. 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 (NYSE:COTY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.05 earnings per share. The business's quarterly revenue was down 6.2% compared to the same quarter last year. Equities research analysts anticipate that Coty will post 0.39 EPS for the current 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.