364,099 Shares in Coty Inc. (NYSE:COTY) Bought by Two Sigma Advisers LP

Two Sigma Advisers LP acquired a new position in Coty Inc. (NYSE:COTY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 364,099 shares of the company's stock, valued at approximately $2,534,000.

Other large investors have also modified their holdings of the company. Jump Financial LLC bought a new position in Coty in the 4th quarter worth about $873,000. Barclays PLC boosted its position in shares of Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after buying an additional 693,961 shares during the period. Amundi grew its holdings in Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company's stock worth $30,503,000 after buying an additional 4,478,906 shares in the last quarter. TCW Group Inc. increased its position in Coty by 44.1% in the 4th quarter. TCW Group Inc. now owns 304,797 shares of the company's stock valued at $2,121,000 after acquiring an additional 93,229 shares during the period. Finally, Entropy Technologies LP increased its position in Coty by 137.4% in the 4th quarter. Entropy Technologies LP now owns 104,349 shares of the company's stock valued at $726,000 after acquiring an additional 60,400 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on COTY shares. Stifel Nicolaus decreased 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. Wells Fargo & Company reiterated a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. Canaccord Genuity Group reiterated a "hold" rating and issued a $5.00 price objective (down from $8.00) on shares of Coty in a report on Thursday, May 8th. Raymond James downgraded Coty from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 17th. Finally, Berenberg Bank initiated coverage on Coty in a research report on Tuesday, March 25th. They set a "buy" rating and a $7.50 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.80.

Coty Stock Down 1.2%

Shares of COTY stock traded down $0.06 on Friday, reaching $4.93. 8,177,859 shares of the company's stock traded hands, compared to its average volume of 5,685,735. The company has a market capitalization of $4.30 billion, a P/E ratio of -493.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. Coty Inc. has a 12-month low of $4.46 and a 12-month high of $10.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The business's 50 day moving average price is $5.02 and its two-hundred day moving average price is $6.10.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. Coty's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. On average, equities analysts forecast that Coty Inc. will post 0.39 earnings per share for the current year.

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.