Landscape Capital Management L.L.C. Lowers Stock Position in Coty Inc. (NYSE:COTY)

Landscape Capital Management L.L.C. trimmed its stake in Coty Inc. (NYSE:COTY) by 19.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 56,301 shares of the company’s stock after selling 13,472 shares during the period. Landscape Capital Management L.L.C.’s holdings in Coty were worth $529,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in COTY. Blue Trust Inc. raised its position in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the period. Quent Capital LLC raised its holdings in shares of Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after buying an additional 4,810 shares during the period. WealthShield Partners LLC acquired a new position in Coty during the 2nd quarter worth about $100,000. Fifth Third Wealth Advisors LLC purchased a new position in Coty during the 2nd quarter valued at about $107,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after acquiring an additional 1,104 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on COTY shares. Stifel Nicolaus reduced their price target on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, October 15th. Jefferies Financial Group decreased their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. TD Cowen lowered Coty from a “buy” rating to a “hold” rating and cut their price objective for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft decreased their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.56.

Coty Stock Up 1.8 %

Shares of NYSE COTY opened at $7.32 on Friday. The stock has a market cap of $6.37 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.91. Coty Inc. has a 52-week low of $6.93 and a 52-week high of $13.30. The business has a 50-day moving average price of $8.21 and a 200 day moving average price of $9.31. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts forecast that Coty Inc. will post 0.51 earnings per share for the current year.

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.