Lazard Freres Gestion S.A.S. Makes New Investment in Coty Inc. (NYSE:COTY)

Lazard Freres Gestion S.A.S. bought a new position in Coty Inc. (NYSE:COTY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,000 shares of the company’s stock, valued at approximately $394,000.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares during the last quarter. Quent Capital LLC raised its position in Coty by 1,448.8% in the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC acquired a new stake in Coty in the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Coty during the 2nd quarter worth about $107,000. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Coty by 9.8% in 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 in the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Trading Down 0.3 %

Shares of Coty stock traded down $0.02 during trading on Tuesday, hitting $7.51. 158,843 shares of the company were exchanged, compared to its average volume of 4,244,518. 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 firm has a market capitalization of $6.53 billion, a P/E ratio of 44.29, a price-to-earnings-growth ratio of 0.73 and a beta of 1.91. The firm’s fifty day moving average price is $8.17 and its 200 day moving average price is $9.26. Coty Inc. has a 1-year low of $6.93 and a 1-year high of $13.30.

Coty (NYSE:COTY) last issued its 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). The firm had revenue of $1.67 billion during 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%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. As a group, sell-side analysts expect that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. DA Davidson decreased their price target on Coty from $14.50 to $12.50 and set a “buy” rating on the stock in a research report on Monday, November 11th. Wells Fargo & Company dropped their target price on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their price target 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. JPMorgan Chase & Co. decreased their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Finally, Barclays downgraded Coty from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $8.00 to $7.00 in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.56.

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.