Fox Run Management L.L.C. Grows Position in Coty Inc. (NYSE:COTY)

Fox Run Management L.L.C. boosted its position in shares of Coty Inc. (NYSE:COTY) by 141.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,741 shares of the company’s stock after buying an additional 37,396 shares during the period. Fox Run Management L.L.C.’s holdings in Coty were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COTY. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Coty by 116.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 42,944 shares of the company’s stock valued at $403,000 after acquiring an additional 23,110 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Coty by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,901,380 shares of the company’s stock valued at $27,244,000 after purchasing an additional 14,075 shares during the period. Citigroup Inc. increased its stake in Coty by 10.8% in the third quarter. Citigroup Inc. now owns 569,441 shares of the company’s stock valued at $5,347,000 after purchasing an additional 55,581 shares during the period. Lazard Freres Gestion S.A.S. purchased a new stake in shares of Coty in the third quarter valued at about $394,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Coty during the third quarter worth about $109,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Down 0.9 %

COTY opened at $5.49 on Wednesday. Coty Inc. has a one year low of $5.35 and a one year high of $11.99. The company has a market cap of $4.79 billion, a price-to-earnings ratio of -549.00, a PEG ratio of 0.81 and a beta of 1.97. The business’s fifty day moving average is $6.24 and its two-hundred day moving average is $7.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on COTY. The Goldman Sachs Group dropped their price target on Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Stifel Nicolaus lowered their target price on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company cut their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $7.00 to $8.00 in a research report on Thursday, March 20th. Finally, Morgan Stanley cut their price objective 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.66.

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.