Coty Inc. (NYSE:COTY) Shares Bought by Quent Capital LLC

Quent Capital LLC lifted its holdings in shares of Coty Inc. (NYSE:COTY) by 1,448.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,142 shares of the company’s stock after buying an additional 4,810 shares during the quarter. Quent Capital LLC’s holdings in Coty were worth $52,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. EntryPoint Capital LLC grew its stake in shares of Coty by 260.4% in the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after purchasing an additional 8,419 shares during the last quarter. Norden Group LLC acquired a new position in Coty during the first quarter worth $146,000. Fulton Bank N.A. grew its holdings in Coty by 73.6% during the first quarter. Fulton Bank N.A. now owns 18,238 shares of the company’s stock worth $218,000 after acquiring an additional 7,730 shares during the period. Neuberger Berman Group LLC purchased a new position in Coty in the fourth quarter worth $308,000. Finally, United Services Automobile Association lifted its holdings in Coty by 14.0% in the fourth quarter. United Services Automobile Association now owns 30,428 shares of the company’s stock valued at $378,000 after acquiring an additional 3,740 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Ratings Changes

COTY has been the subject of a number of research analyst reports. Bank of America cut their price target on shares of Coty from $15.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Canaccord Genuity Group assumed coverage on shares of Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 price target for the company. Wells Fargo & Company decreased their price target on Coty from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Canaccord Genuity Group began coverage on Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Citigroup reduced their price objective on Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.94.

Coty Trading Up 1.0 %

NYSE:COTY traded up $0.09 on Wednesday, reaching $9.38. The stock had a trading volume of 1,072,362 shares, compared to its average volume of 3,831,501. Coty Inc. has a 12-month low of $8.79 and a 12-month high of $13.30. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 40.41, a P/E/G ratio of 3.31 and a beta of 1.91. The firm’s fifty day moving average is $9.92 and its two-hundred day moving average is $11.08. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.80 and a quick ratio of 0.50.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. Equities analysts expect that Coty Inc. will post 0.44 EPS for the current fiscal year.

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.