Coty Inc. (NYSE:COTY) Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC lessened its position in Coty Inc. (NYSE:COTY) by 52.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 440,544 shares of the company’s stock after selling 487,326 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Coty were worth $3,066,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of COTY. Blue Trust Inc. increased its holdings in shares of Coty by 330.3% in 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 period. Raymond James & Associates increased its holdings in shares of Coty by 13.2% in the 3rd quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock worth $3,273,000 after acquiring an additional 40,572 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Coty by 3.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after acquiring an additional 1,545 shares during the period. M&G PLC increased its holdings in shares of Coty by 4.7% in the 3rd quarter. M&G PLC now owns 533,731 shares of the company’s stock worth $4,804,000 after acquiring an additional 24,037 shares during the period. Finally, Atria Investments Inc increased its holdings in shares of Coty by 19.3% in the 3rd quarter. Atria Investments Inc now owns 18,650 shares of the company’s stock worth $175,000 after acquiring an additional 3,022 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

COTY stock opened at $5.72 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. Coty Inc. has a one year low of $5.42 and a one year high of $13.30. The firm has a market capitalization of $4.98 billion, a PE ratio of -571.50, a P/E/G ratio of 0.81 and a beta of 1.89. The firm has a 50-day moving average of $6.81 and a two-hundred day moving average of $7.86.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, analysts forecast that Coty Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 price objective on shares of Coty in a report on Wednesday, February 12th. DA Davidson reiterated a “buy” rating and issued a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. Morgan Stanley decreased their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Canaccord Genuity Group decreased their target price on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group decreased their target price on shares of Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.17.

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.