Coty Inc. (NYSE:COTY) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in shares of Coty Inc. (NYSE:COTY) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,503,389 shares of the company’s stock after selling 10,593 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.17% of Coty worth $10,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COTY. State Street Corp increased its holdings in shares of Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after acquiring an additional 251,964 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after buying an additional 1,646,839 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Coty by 5.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after buying an additional 287,061 shares during the period. Amundi grew its holdings in shares of Coty by 1,990,624.9% during the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after buying an additional 4,478,906 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Coty by 17.5% in the 4th quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company’s stock valued at $21,815,000 after acquiring an additional 466,772 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Stock Down 0.6 %

Shares of NYSE COTY opened at $5.45 on Thursday. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of -544.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. The company’s 50-day simple moving average is $6.21 and its 200-day simple moving average is $7.27. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. Coty Inc. has a 52-week low of $5.35 and a 52-week high of $11.99.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Equities analysts predict that Coty Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays dropped their price target on Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI cut their price target 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. DA Davidson restated a “buy” rating and set a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Stifel Nicolaus cut their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $13.00 target price on shares of Coty in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.66.

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.