TCW Group Inc. Has $1.99 Million Stake in Coty Inc. (NYSE:COTY)

TCW Group Inc. reduced its stake in Coty Inc. (NYSE:COTY) by 81.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 211,568 shares of the company’s stock after selling 942,756 shares during the quarter. TCW Group Inc.’s holdings in Coty were worth $1,987,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after acquiring an additional 2,385 shares during the period. WealthShield Partners LLC bought a new stake in Coty in the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in Coty in the 2nd quarter worth $107,000. Capstone Investment Advisors LLC bought a new position in shares of Coty during the 3rd quarter worth about $109,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Coty by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after buying an additional 1,104 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on COTY shares. Raymond James decreased their target price on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and lowered their price target for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. Jefferies Financial Group dropped their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Barclays lowered shares of Coty from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $7.00 in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.56.

Coty Trading Down 2.0 %

COTY stock opened at $7.47 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 43.91, a P/E/G ratio of 0.75 and a beta of 1.89. The business has a fifty day moving average price of $7.73 and a 200 day moving average price of $8.99. Coty Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $13.30.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts expect that Coty Inc. will post 0.51 EPS for the current fiscal 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.