42,000 Shares in Coty Inc. (NYSE:COTY) Bought by Lazard Freres Gestion S.A.S.

Lazard Freres Gestion S.A.S. bought a new stake in shares of Coty Inc. (NYSE:COTY) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 42,000 shares of the company’s stock, valued at approximately $394,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. boosted its holdings in shares of Coty by 789.3% during the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after acquiring an additional 4,954,362 shares during the period. SG Americas Securities LLC lifted its position in Coty by 1,798.5% in the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock valued at $17,346,000 after purchasing an additional 1,750,021 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in 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 purchasing an additional 1,687,045 shares during the period. Assenagon Asset Management S.A. boosted its stake in Coty by 733.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock valued at $19,038,000 after purchasing an additional 1,671,897 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Coty by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after purchasing an additional 890,626 shares during the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Down 0.3 %

NYSE:COTY traded down $0.02 during trading hours on Tuesday, hitting $7.51. 158,843 shares of the stock traded hands, compared to its average volume of 4,244,518. Coty Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $13.30. 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 firm has a market cap of $6.53 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 0.73 and a beta of 1.91. The firm has a 50 day moving average price of $8.17 and a 200 day moving average price of $9.26.

Coty (NYSE:COTY) last released 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). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company posted $0.09 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that Coty Inc. will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Stifel Nicolaus reduced their price target on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. TD Cowen cut Coty from a “buy” rating to a “hold” rating and dropped their target price for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Citigroup lowered their price target on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, Jefferies Financial Group decreased their target price on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Coty currently 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.