Coty Inc. (NYSE:COTY) Short Interest Update

Coty Inc. (NYSE:COTY) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 14,620,000 shares, a decline of 5.5% from the September 30th total of 15,470,000 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,570,000 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Investors Weigh In On Coty

Large investors have recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in 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 acquiring an additional 2,385 shares in the last quarter. Quent Capital LLC raised its position in shares of Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after buying an additional 4,810 shares in the last quarter. WealthShield Partners LLC bought a new stake in shares of Coty during the 2nd quarter worth about $100,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Coty in the 2nd quarter worth approximately $107,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Stock Up 2.0 %

Shares of Coty stock traded up $0.15 during trading on Friday, hitting $7.59. 1,385,153 shares of the stock were exchanged, compared to its average volume of 4,073,448. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 93.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.89. The firm’s 50-day moving average price is $8.83 and its 200 day moving average price is $9.75. Coty has a 12-month low of $7.34 and a 12-month high of $13.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46.

Coty (NYSE:COTY) last announced its earnings results on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Coty had a net margin of 1.46% and a return on equity of 8.05%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company posted $0.01 earnings per share. Coty’s quarterly revenue was up .9% on a year-over-year basis. As a group, analysts forecast that Coty will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. DA Davidson dropped their target price on Coty from $17.00 to $14.50 and set a “buy” rating for the company in a report on Wednesday, October 16th. Raymond James cut their price target on Coty from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Stifel Nicolaus cut their target price on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, October 15th. Bank of America dropped their price target on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.15.

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.