Coty Inc. (NYSE:COTY) is Prevatt Capital Ltd's 9th Largest Position

Prevatt Capital Ltd increased its holdings in Coty Inc. (NYSE:COTY - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,000,000 shares of the company's stock after purchasing an additional 650,000 shares during the period. Coty accounts for 6.0% of Prevatt Capital Ltd's investment portfolio, making the stock its 9th biggest position. Prevatt Capital Ltd owned about 0.34% of Coty worth $20,880,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in COTY. Retirement Systems of Alabama boosted its position in Coty by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock worth $3,092,000 after purchasing an additional 1,472 shares during the period. Stephens Inc. AR lifted its stake in shares of Coty by 12.0% during the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock worth $108,000 after purchasing an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position 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 worth $94,000 after buying an additional 1,893 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Coty by 26.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock valued at $69,000 after buying an additional 2,110 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after acquiring an additional 2,601 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Price Performance

Shares of NYSE:COTY traded up $0.09 on Tuesday, reaching $5.12. 2,191,366 shares of the company traded hands, compared to its average volume of 7,380,139. The stock has a market capitalization of $4.46 billion, a PE ratio of -511.50, a P/E/G ratio of 0.81 and a beta of 1.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The company's 50 day moving average is $5.14 and its 200-day moving average is $6.26. Coty Inc. has a fifty-two week low of $4.46 and a fifty-two week high of $10.80.

Coty (NYSE:COTY - Get Free Report) last released its quarterly 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). Coty had a net margin of 0.22% and a return on equity of 6.34%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.05 EPS. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COTY has been the subject of a number of recent analyst reports. BNP Paribas lowered shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price target for the company. in a report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on shares of Coty from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Barclays cut their price target on shares of Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a report on Friday, April 11th. Piper Sandler decreased their price objective on shares of Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Finally, Citigroup lowered their price objective on Coty from $8.00 to $6.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Coty currently has a consensus rating of "Hold" and a consensus target price of $7.80.

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.