Nationwide Fund Advisors decreased its stake in shares of Coty Inc. (NYSE:COTY) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 183,700 shares of the company’s stock after selling 2,800 shares during the period. Nationwide Fund Advisors owned about 0.05% of Coty worth $4,774,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Coty by 23.8% in the first quarter. Envestnet Asset Management Inc. now owns 34,440 shares of the company’s stock valued at $958,000 after buying an additional 6,611 shares during the last quarter. Legal & General Group Plc increased its position in shares of Coty by 4.9% in the first quarter. Legal & General Group Plc now owns 4,443 shares of the company’s stock worth $124,000 after buying an additional 207 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Coty during the first quarter worth about $476,000. Invictus RG increased its position in shares of Coty by 137.3% in the first quarter. Invictus RG now owns 15,718 shares of the company’s stock worth $437,000 after buying an additional 9,095 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Coty by 2,270.5% in the first quarter. Wellington Management Group LLP now owns 7,599,442 shares of the company’s stock worth $211,492,000 after buying an additional 7,278,863 shares during the last quarter. 17.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Coty Inc. (NYSE:COTY) traded up 1.82% on Friday, hitting $23.50. 68,491,874 shares of the stock were exchanged. Coty Inc. has a one year low of $21.48 and a one year high of $31.60. The firm’s 50-day moving average is $25.83 and its 200-day moving average is $26.93. The company has a market cap of $7.90 billion, a P/E ratio of 53.41 and a beta of 0.37.
Coty (NYSE:COTY) last issued its quarterly earnings results on Tuesday, August 16th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The company earned $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Coty had a net margin of 3.61% and a return on equity of 80.72%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. On average, equities analysts forecast that Coty Inc. will post $1.11 EPS for the current fiscal year.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. B. Riley reaffirmed a “sell” rating and issued a $19.50 price objective on shares of Coty in a research note on Wednesday, June 15th. Barclays PLC reaffirmed a “hold” rating on shares of Coty in a research note on Saturday, July 9th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $32.00 price target on shares of Coty in a research note on Thursday, August 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $27.66.
In other news, major shareholder Cosmetics B.V. Jab bought 225,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average cost of $26.94 per share, for a total transaction of $6,061,500.00. Following the purchase, the insider now owns 6,469,861 shares of the company’s stock, valued at approximately $174,298,055.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sebastien Froidefond sold 3,983 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $27.02, for a total transaction of $107,620.66. Following the completion of the transaction, the senior vice president now owns 20,862 shares in the company, valued at $563,691.24. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by insiders.
Coty Inc is a beauty company. The Company manufactures and markets beauty products with distribution in over 130 countries and territories across both prestige and mass markets. The Company’s segments include Fragrances, Color Cosmetics, and Skin & Body Care. Its Fragrances products include a range of men’s and women’s products, and also include fashion designer, celebrity and lifestyle brands.
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