Savoir Faire Capital Management L.P. Has $2.39 Million Holdings in Coty Inc. (NYSE:COTY)

Savoir Faire Capital Management L.P. reduced its position in Coty Inc. (NYSE:COTY) by 42.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 254,355 shares of the company’s stock after selling 186,252 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Coty were worth $2,388,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in shares of Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after acquiring an additional 656,952 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after acquiring an additional 1,687,045 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Coty by 30.1% during the 3rd quarter. Natixis Advisors LLC now owns 1,388,226 shares of the company’s stock valued at $13,036,000 after acquiring an additional 321,221 shares during the last quarter. MQS Management LLC increased its holdings in shares of Coty by 60.4% during the 3rd quarter. MQS Management LLC now owns 26,694 shares of the company’s stock valued at $251,000 after acquiring an additional 10,054 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Coty during the 3rd quarter valued at about $681,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Down 1.8 %

COTY stock opened at $7.07 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The stock has a market capitalization of $6.15 billion, a P/E ratio of 41.59, a P/E/G ratio of 0.70 and a beta of 1.91. The business has a 50-day moving average of $8.39 and a 200-day moving average of $9.43. Coty Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. On average, sell-side analysts anticipate that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on COTY. Jefferies Financial Group lowered their target price on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. DA Davidson cut their target price on Coty from $14.50 to $12.50 and set a “buy” rating for the company in a research report on Monday, November 11th. Barclays cut Coty from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $8.00 to $7.00 in a report on Thursday, November 7th. Raymond James lowered their target price on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, TD Cowen cut Coty from a “buy” rating to a “hold” rating and lowered their target price for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.56.

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.