Coty Inc. (NYSE:COTY) Short Interest Up 13.1% in September

Coty Inc. (NYSE:COTY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 15,470,000 shares, an increase of 13.1% from the September 15th total of 13,680,000 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average trading volume of 3,970,000 shares, the short-interest ratio is presently 3.9 days.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. DA Davidson lifted their target price on Coty from $16.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Bank of America decreased their price objective on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Jefferies Financial Group upgraded shares of Coty from a “hold” rating to a “buy” rating and upped their target price for the stock from $11.00 to $12.00 in a research note on Monday, October 7th. Citigroup reduced their target price on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price objective on shares of Coty in a research report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.87.

Coty Stock Down 0.4 %

Shares of NYSE COTY opened at $9.17 on Tuesday. The business has a 50-day moving average price of $9.28 and a 200 day moving average price of $10.07. The stock has a market cap of $7.96 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. Coty has a 52-week low of $8.66 and a 52-week high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). Coty had a net margin of 1.46% and a return on equity of 8.05%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company posted $0.01 earnings per share. Coty’s revenue was up .9% compared to the same quarter last year. Equities research analysts forecast that Coty will post 0.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COTY. Vanguard Group Inc. grew its holdings in shares of Coty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock worth $494,022,000 after buying an additional 494,639 shares during the last quarter. Banco Santander S.A. grew its stake in shares of Coty by 0.3% in the 2nd quarter. Banco Santander S.A. now owns 23,033,578 shares of the company’s stock valued at $230,796,000 after purchasing an additional 80,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after purchasing an additional 890,626 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Coty by 789.3% during the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after purchasing an additional 4,954,362 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Coty by 24.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,955,557 shares of the company’s stock worth $39,634,000 after purchasing an additional 780,685 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Company 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.