Compass Wealth Management LLC Reduces Stock Position in Coty Inc. (NYSE:COTY)

Compass Wealth Management LLC decreased its position in Coty Inc. (NYSE:COTY) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 467,875 shares of the company’s stock after selling 122,850 shares during the quarter. Compass Wealth Management LLC’s holdings in Coty were worth $3,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in COTY. Banco Santander S.A. increased its position in Coty by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock valued at $217,029,000 after purchasing an additional 79,180 shares during the period. State Street Corp raised its holdings in Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after purchasing an additional 251,964 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after buying an additional 656,952 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after buying an additional 1,687,045 shares in the last quarter. Finally, Sea Cliff Partners Management LP grew its position in shares of Coty by 19.3% in the second quarter. Sea Cliff Partners Management LP now owns 2,905,148 shares of the company’s stock valued at $29,110,000 after purchasing an additional 470,852 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Up 0.6 %

Shares of Coty stock opened at $7.45 on Friday. Coty Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $13.30. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6.48 billion, a P/E ratio of 43.79, a P/E/G ratio of 0.74 and a beta of 1.89. The business has a 50-day moving average price of $7.20 and a 200 day moving average price of $8.35.

Coty (NYSE:COTY) last released 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). Coty had a net margin of 2.78% and a return on equity of 9.16%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on COTY. Citigroup reduced their target price on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. The Goldman Sachs Group initiated coverage on shares of Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price 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. Raymond James lowered their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.24.

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.