Raymond James Financial Inc. Makes New Investment in Coty Inc. (NYSE:COTY)

Raymond James Financial Inc. bought a new stake in Coty Inc. (NYSE:COTY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 435,290 shares of the company's stock, valued at approximately $3,030,000. Raymond James Financial Inc. owned approximately 0.05% of Coty at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COTY. Steward Partners Investment Advisory LLC lifted its position in shares of Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after buying an additional 3,186 shares during the period. Allworth Financial LP lifted its holdings in shares of Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after acquiring an additional 3,328 shares during the period. Blue Trust Inc. boosted its stake in shares of Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after purchasing an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after purchasing an additional 2,601 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Coty during the 4th quarter worth about $54,000. 42.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on COTY. Canaccord Genuity Group reduced their price target on shares of Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company restated a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. Barclays dropped their price target on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a report on Friday, April 11th. Berenberg Bank began coverage on Coty in a report on Tuesday, March 25th. They set a "buy" rating and a $7.50 target price on the stock. Finally, Morgan Stanley lowered their target price on Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.24.

Coty Trading Up 3.0 %

Shares of NYSE:COTY traded up $0.15 during midday trading on Friday, hitting $5.17. The company had a trading volume of 7,428,891 shares, compared to its average volume of 5,365,740. The firm has a fifty day simple moving average of $5.30 and a 200 day simple moving average of $6.47. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of -517.00, a PEG ratio of 0.81 and a beta of 1.75. 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 Inc. has a 12 month low of $4.56 and a 12 month high of $11.77.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, analysts predict that Coty Inc. will post 0.39 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.