Prevatt Capital Ltd Increases Position in Coty Inc. (NYSE:COTY)

Prevatt Capital Ltd boosted its position in Coty Inc. (NYSE:COTY - Free Report) by 27.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000,000 shares of the company's stock after purchasing an additional 650,000 shares during the quarter. Coty comprises 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of Coty by 147.1% in the 3rd 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 last quarter. JPMorgan Chase & Co. increased its holdings in shares of Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock worth $6,981,000 after buying an additional 107,014 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Coty in the 4th quarter worth $808,000. Janney Montgomery Scott LLC bought a new position in shares of Coty in the 4th quarter worth $267,000. Finally, PFG Investments LLC bought a new position in shares of Coty in the 4th quarter worth $75,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COTY has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on shares of Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a report on Thursday, April 10th. Evercore ISI reduced their target price on shares of Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a report on Wednesday, April 16th. Royal Bank of Canada reduced their target price on shares of Coty from $13.00 to $12.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Finally, Raymond James lowered shares of Coty from an "outperform" rating to a "market perform" rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.80.

Coty Trading Up 0.4%

Shares of COTY stock traded up $0.02 during mid-day trading on Friday, reaching $5.05. The stock had a trading volume of 4,854,797 shares, compared to its average volume of 5,555,421. The stock's 50-day moving average price is $5.15 and its two-hundred day moving average price is $6.29. Coty Inc. has a 52-week low of $4.46 and a 52-week high of $10.80. The firm has a market capitalization of $4.40 billion, a PE ratio of -505.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY - Get Free Report) last announced 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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. The company's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. Equities analysts expect that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

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.