Graphene Investments SAS Acquires 75,000 Shares of Coty Inc. (NYSE:COTY)

Graphene Investments SAS grew its holdings in shares of Coty Inc. (NYSE:COTY) by 24.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 381,200 shares of the company’s stock after acquiring an additional 75,000 shares during the period. Graphene Investments SAS’s holdings in Coty were worth $2,653,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Handelsbanken Fonder AB increased its stake in Coty by 24.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 113,900 shares of the company’s stock valued at $1,070,000 after purchasing an additional 22,300 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Coty by 16.1% during the third quarter. Fulton Bank N.A. now owns 26,214 shares of the company’s stock valued at $246,000 after acquiring an additional 3,636 shares in the last quarter. Covea Finance raised its holdings in Coty by 52.2% in the 3rd quarter. Covea Finance now owns 175,000 shares of the company’s stock worth $1,643,000 after acquiring an additional 60,000 shares during the last quarter. Compass Wealth Management LLC lifted its position in Coty by 12.6% in the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after acquiring an additional 65,900 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Coty by 330.3% during the 3rd 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 last quarter. 42.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group initiated coverage on shares of Coty in a research note on Friday, December 13th. They set a “neutral” rating and a $9.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Raymond James dropped their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.24.

Coty Trading Up 0.8 %

Coty stock opened at $6.85 on Friday. Coty Inc. has a 12-month low of $6.59 and a 12-month high of $13.30. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 0.78 and a beta of 1.89. The firm has a 50 day moving average of $7.20 and a 200 day moving average of $8.18. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. Coty’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. As a group, research analysts predict that Coty Inc. will post 0.5 earnings per share for the current year.

About Coty

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.