Nordea Investment Management AB lessened its stake in shares of Coty Inc (NYSE:COTY) by 47.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 337,852 shares of the company’s stock after selling 305,700 shares during the period. Nordea Investment Management AB’s holdings in Coty were worth $3,886,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in shares of Coty in the 4th quarter worth approximately $25,000. Thor Advisors LLC bought a new stake in shares of Coty in the 1st quarter worth approximately $26,000. Moody National Bank Trust Division bought a new stake in shares of Coty in the 1st quarter worth approximately $44,000. Truvestments Capital LLC bought a new stake in shares of Coty in the 1st quarter worth approximately $56,000. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of Coty by 246.2% in the 4th quarter. CSat Investment Advisory L.P. now owns 10,366 shares of the company’s stock worth $68,000 after acquiring an additional 7,372 shares during the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.
A number of brokerages have issued reports on COTY. Bank of America began coverage on shares of Coty in a research report on Thursday, May 9th. They set a “neutral” rating and a $12.00 price objective on the stock. DA Davidson set a $16.00 price objective on shares of Redfin and gave the company a “hold” rating in a research report on Tuesday, July 2nd. BNP Paribas reissued a “neutral” rating on shares of Infineon Technologies in a research report on Tuesday, June 4th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Jefferies Financial Group set a $11.00 target price on shares of Coty and gave the stock a “hold” rating in a research report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.77.
COTY remained flat at $$11.05 during midday trading on Thursday. 3,809,600 shares of the company’s stock traded hands, compared to its average volume of 12,826,343. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.95. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.46 and a beta of 0.70. The firm’s 50 day moving average is $12.55. Coty Inc has a 1-year low of $5.91 and a 1-year high of $14.14.
Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Coty had a negative net margin of 13.20% and a positive return on equity of 5.78%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the business earned $0.13 EPS. The business’s quarterly revenue was down 10.4% on a year-over-year basis. As a group, research analysts forecast that Coty Inc will post 0.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Wednesday, June 5th. Coty’s dividend payout ratio is 72.46%.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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