Segall Bryant & Hamill LLC Has $9.33 Million Stake in Coty (NYSE:COTY)

Segall Bryant & Hamill LLC increased its stake in shares of Coty (NYSE:COTY - Free Report) by 13.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705,357 shares of the company's stock after buying an additional 201,968 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.20% of Coty worth $9,328,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its holdings 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 valued at $29,000 after acquiring an additional 3,186 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Coty by 140.2% during 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 boosted its holdings 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 valued at $51,000 after acquiring an additional 2,601 shares in the last quarter. Callan Capital LLC bought a new position in Coty during the 1st quarter worth $56,000. Finally, Impact Capital Partners LLC bought a new position in Coty during the 1st quarter worth $61,000. Institutional investors and hedge funds own 42.36% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on COTY shares. Bank of America lowered Coty from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $9.00 to $4.50 in a research report on Tuesday, April 15th. Citigroup lowered their target price on Coty from $8.00 to $6.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on Coty from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada lowered their target price on Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Two investment 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 MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.80.

Coty Stock Down 0.4%

Coty stock traded down $0.02 during midday trading on Friday, reaching $4.92. The stock had a trading volume of 5,797,370 shares, compared to its average volume of 6,414,670. Coty has a 12 month low of $4.46 and a 12 month high of $10.30. The company has a market capitalization of $4.29 billion, a P/E ratio of -10.25, a PEG ratio of 0.67 and a beta of 1.91. The company has a fifty day moving average price of $4.93 and a two-hundred day moving average price of $5.53. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.03.

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 analysts' consensus estimates of $0.05 by ($0.04). Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. The business's quarterly revenue was down 6.2% on a year-over-year basis. As a group, equities analysts expect that Coty will post 0.39 EPS 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.