Hardman Johnston Global Advisors LLC Lowers Stake in Coty Inc. (NYSE:COTY)

Hardman Johnston Global Advisors LLC lowered its position in shares of Coty Inc. (NYSE:COTY - Free Report) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,267,010 shares of the company's stock after selling 778,060 shares during the quarter. Hardman Johnston Global Advisors LLC owned 0.25% of Coty worth $28,156,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in Coty by 248.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 47,698 shares of the company's stock valued at $592,000 after purchasing an additional 33,997 shares in the last quarter. Graphene Investments SAS lifted its holdings in Coty by 9.0% during the fourth quarter. Graphene Investments SAS now owns 245,900 shares of the company's stock valued at $3,054,000 after purchasing an additional 20,400 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Coty by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,779,642 shares of the company's stock worth $22,103,000 after buying an additional 72,270 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Coty by 17,661.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 502,831 shares of the company's stock worth $6,196,000 after buying an additional 500,000 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Coty by 2.6% in the fourth quarter. Arizona State Retirement System now owns 112,082 shares of the company's stock worth $1,392,000 after buying an additional 2,814 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on COTY shares. TD Cowen raised shares of Coty from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $13.00 to $16.00 in a report on Thursday, February 22nd. TheStreet upgraded shares of Coty from a "c+" rating to a "b-" rating in a research report on Thursday, February 8th. Royal Bank of Canada reiterated an "outperform" rating and set a $14.00 price objective on shares of Coty in a research report on Friday, February 9th. Barclays cut their price target on shares of Coty from $13.00 to $12.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, DA Davidson restated a "buy" rating and issued a $17.50 price target on shares of Coty in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Coty has a consensus rating of "Hold" and an average price target of $13.21.

Insider Buying and Selling at Coty

In other Coty news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the completion of the sale, the director now directly owns 120,000 shares of the company's stock, valued at $1,524,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robert S. Singer sold 90,000 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the completion of the transaction, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. Insiders own 5.80% of the company's stock.

Coty Stock Down 4.9 %

Shares of COTY stock traded down $0.54 during mid-day trading on Friday, hitting $10.52. 5,140,538 shares of the stock traded hands, compared to its average volume of 3,891,454. The stock has a market cap of $9.42 billion, a P/E ratio of 30.06, a P/E/G ratio of 6.16 and a beta of 1.82. The stock's fifty day moving average is $12.05 and its two-hundred day moving average is $11.48. Coty Inc. has a 52-week low of $9.02 and a 52-week high of $13.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. The company's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. Equities analysts predict that Coty Inc. will post 0.45 EPS 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.

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