157,513 Shares in Coty Inc. (NYSE:COTY) Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new position in shares of Coty Inc. (NYSE:COTY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 157,513 shares of the company's stock, valued at approximately $1,096,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama grew its holdings in Coty by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock worth $3,092,000 after acquiring an additional 1,472 shares during the period. Stephens Inc. AR increased its holdings in shares of Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock valued at $108,000 after purchasing an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Coty by 16.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock valued at $94,000 after purchasing an additional 1,893 shares during the period. 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. Finally, Quadrant Capital Group LLC boosted its holdings in Coty by 55.3% during the fourth 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 in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Trading Up 0.2%

Shares of NYSE:COTY traded up $0.01 during trading on Tuesday, reaching $5.04. 6,557,330 shares of the stock were exchanged, compared to its average volume of 5,562,512. Coty Inc. has a 12-month low of $4.46 and a 12-month high of $10.80. The firm's 50-day moving average price is $5.13 and its 200 day moving average price is $6.25. 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 firm has a market cap of $4.39 billion, a price-to-earnings ratio of -504.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on COTY shares. Canaccord Genuity Group reissued a "hold" rating and set a $5.00 price target (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. Raymond James lowered Coty from an "outperform" rating to a "market perform" rating in a report on Thursday, April 17th. Royal Bank of Canada cut their price target on Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. BNP Paribas cut shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price objective on the stock. in a research note on Friday, April 11th. Finally, Barclays cut their target price on shares of Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $7.80.

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.