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

Segall Bryant & Hamill LLC cut its stake in Coty Inc. (NYSE:COTY) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,513,982 shares of the company’s stock after selling 8,870 shares during the period. Segall Bryant & Hamill LLC’s holdings in Coty were worth $14,216,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in COTY. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Coty during the 3rd quarter worth $3,681,000. Thrivent Financial for Lutherans raised its position in shares of Coty by 11.3% during the third quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after purchasing an additional 656,952 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after purchasing an additional 1,687,045 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Coty by 30.1% in the 3rd quarter. Natixis Advisors LLC now owns 1,388,226 shares of the company’s stock valued at $13,036,000 after purchasing an additional 321,221 shares during the period. Finally, MQS Management LLC increased its stake in Coty by 60.4% in the 3rd quarter. MQS Management LLC now owns 26,694 shares of the company’s stock worth $251,000 after purchasing an additional 10,054 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on COTY shares. Barclays cut shares of Coty from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. Wells Fargo & Company lowered their price objective on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Stifel Nicolaus lowered their price target on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.56.

Coty Trading Up 0.6 %

Shares of NYSE:COTY opened at $7.14 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.21 billion, a PE ratio of 41.97, a P/E/G ratio of 0.71 and a beta of 1.91. Coty Inc. has a 1 year low of $6.93 and a 1 year high of $13.30. The firm has a fifty day moving average price of $8.31 and a 200 day moving average price of $9.37.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company posted $0.09 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Analysts expect that Coty Inc. will post 0.51 EPS for the current fiscal year.

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.