Kendall Capital Management Invests $118,000 in Coty Inc. (NYSE:COTY)

Kendall Capital Management purchased a new position in Coty Inc. (NYSE:COTY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,940 shares of the company’s stock, valued at approximately $118,000.

Several other institutional investors also recently added to or reduced their stakes in COTY. Steward Partners Investment Advisory LLC increased its stake in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after buying an additional 3,186 shares during the period. Allworth Financial LP increased its stake in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after buying an additional 3,328 shares during the period. Blue Trust Inc. increased its stake in Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after buying an additional 3,877 shares during the period. R Squared Ltd purchased a new position in Coty in the 4th quarter worth about $54,000. Finally, US Bancorp DE increased its stake in Coty by 116.0% in the 4th quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after buying an additional 5,088 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $12.50 price target on shares of Coty in a research note on Thursday, February 6th. Evercore ISI dropped their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Barclays dropped their target price on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their target price on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.89.

Coty Stock Up 1.6 %

NYSE:COTY opened at $5.86 on Monday. Coty Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $12.80. The stock has a market capitalization of $5.11 billion, a P/E ratio of -585.50, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The company’s 50-day simple moving average is $6.54 and its 200-day simple moving average is $7.61.

Coty (NYSE:COTY) last released its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, equities analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal 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.