Clearbridge Investments LLC Raises Stake in Coty Inc. (NYSE:COTY)

Clearbridge Investments LLC raised its holdings in shares of Coty Inc. (NYSE:COTY - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,745,121 shares of the company's stock after buying an additional 136,292 shares during the quarter. Clearbridge Investments LLC owned about 1.65% of Coty worth $183,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in COTY. Raymond James Financial Services Advisors Inc. raised its position in shares of Coty by 388.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 102,175 shares of the company's stock valued at $1,121,000 after buying an additional 81,253 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Coty by 37.9% during the third quarter. Teacher Retirement System of Texas now owns 126,240 shares of the company's stock worth $1,385,000 after purchasing an additional 34,688 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Coty by 36.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,300,610 shares of the company's stock worth $25,238,000 after purchasing an additional 614,034 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Coty by 46.1% during the 3rd quarter. California Public Employees Retirement System now owns 653,920 shares of the company's stock valued at $7,174,000 after purchasing an additional 206,193 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Coty by 22.3% during the 3rd quarter. Private Advisor Group LLC now owns 81,736 shares of the company's stock valued at $897,000 after buying an additional 14,924 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

Insider Activity at Coty

In other news, Director Robert S. Singer sold 30,000 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the sale, the director now directly owns 120,000 shares of the company's stock, valued at approximately $1,524,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert S. Singer sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the sale, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert S. Singer sold 90,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the transaction, the director now directly owns 169,982 shares of the company's stock, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TD Cowen cut their target price on Coty from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, April 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $14.00 target price on shares of Coty in a report on Friday, February 9th. Barclays decreased their target price on shares of Coty from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Friday, April 12th. Canaccord Genuity Group started coverage on shares of Coty in a research report on Monday, April 15th. They set a "buy" rating and a $14.00 price target for the company. Finally, Canaccord Genuity Group began coverage on Coty in a report on Monday, April 15th. They issued a "buy" rating and a $14.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Coty presently has an average rating of "Hold" and a consensus target price of $13.21.

Coty Trading Up 0.2 %

Coty stock traded up $0.02 during mid-day trading on Tuesday, reaching $10.49. 4,190,851 shares of the company traded hands, compared to its average volume of 4,002,990. The firm's 50 day moving average price is $11.36 and its 200 day moving average price is $11.72. 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 0.93, a current ratio of 0.80 and a quick ratio of 0.50. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 45.59, a P/E/G ratio of 4.64 and a beta of 1.83.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.37 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. Coty's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 EPS. On average, analysts anticipate that Coty Inc. will post 0.44 earnings per share for the current fiscal 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.