Hardman Johnston Global Advisors LLC Decreases Position in Coty Inc. (NYSE:COTY)

Hardman Johnston Global Advisors LLC trimmed its holdings in shares of Coty Inc. (NYSE:COTY) by 41.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 927,870 shares of the company’s stock after selling 653,410 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Coty were worth $8,713,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in COTY. Blue Trust Inc. grew its position 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 during the last quarter. Quent Capital LLC grew its holdings in shares of Coty by 1,448.8% in the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after purchasing an additional 4,810 shares during the last quarter. WealthShield Partners LLC purchased a new position in shares of Coty in the second quarter worth $100,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Coty in the second quarter worth $107,000. Finally, EntryPoint Capital LLC grew its holdings in Coty by 260.4% in the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after acquiring an additional 8,419 shares during the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on COTY shares. Citigroup lowered their price target on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Raymond James cut their price target on shares of Coty from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Barclays decreased their price objective on shares of Coty from $10.00 to $8.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Piper Sandler cut their target price on shares of Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Finally, Evercore ISI reiterated an “outperform” rating and set a $15.00 price target on shares of Coty in a research report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.15.

Coty Stock Up 0.9 %

Shares of Coty stock opened at $7.54 on Wednesday. The company has a 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $9.66. Coty Inc. has a 52-week low of $7.34 and a 52-week high of $13.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. The stock has a market capitalization of $6.54 billion, a PE ratio of 94.25, a price-to-earnings-growth ratio of 1.09 and a beta of 1.91.

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