10,178 Shares in Coty Inc. (NYSE:COTY) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new position in Coty Inc. (NYSE:COTY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,178 shares of the company’s stock, valued at approximately $96,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Coty by 2.3% in the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after purchasing an additional 251,964 shares during the period. Compass Wealth Management LLC increased its holdings in Coty by 12.6% in the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after buying an additional 65,900 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Coty during the 3rd quarter valued at approximately $3,681,000. Barclays PLC boosted its stake in shares of Coty by 147.1% during the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after acquiring an additional 693,961 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after acquiring an additional 656,952 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 price target on shares of Coty in a research note on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. JPMorgan Chase & Co. cut their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company lowered their target price on Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.41.

Coty Stock Up 0.1 %

COTY opened at $7.00 on Friday. Coty Inc. has a 12 month low of $6.93 and a 12 month high of $13.30. The business has a 50-day moving average of $7.55 and a two-hundred day moving average of $8.88. 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 $6.09 billion, a price-to-earnings ratio of 41.18, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $0.09 earnings per share. Coty’s revenue was up 1.8% on a year-over-year basis. On average, research analysts expect 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.