Raymond James Financial Services Advisors Inc. Sells 66,592 Shares of Coty Inc. (NYSE:COTY)

Raymond James Financial Services Advisors Inc. lowered its position in Coty Inc. (NYSE:COTY) by 65.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,583 shares of the company’s stock after selling 66,592 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Coty were worth $442,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in COTY. JPMorgan Chase & Co. increased its holdings in shares of Coty by 3.4% in the first quarter. JPMorgan Chase & Co. now owns 653,229 shares of the company’s stock worth $5,872,000 after purchasing an additional 21,444 shares during the period. Raymond James & Associates increased its stake in Coty by 5.6% in the first quarter. Raymond James & Associates now owns 352,441 shares of the company’s stock valued at $3,168,000 after acquiring an additional 18,705 shares during the last quarter. Citigroup Inc. increased its stake in Coty by 19.2% in the first quarter. Citigroup Inc. now owns 166,285 shares of the company’s stock valued at $1,495,000 after acquiring an additional 26,781 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Coty by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 16,652 shares of the company’s stock valued at $150,000 after acquiring an additional 1,816 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Coty by 36.8% in the first quarter. MetLife Investment Management LLC now owns 222,521 shares of the company’s stock valued at $2,000,000 after acquiring an additional 59,897 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Price Performance

Shares of COTY stock opened at $11.15 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. The company has a market capitalization of $9.98 billion, a P/E ratio of 31.86, a P/E/G ratio of 6.10 and a beta of 1.82. The company’s 50-day simple moving average is $11.93 and its two-hundred day simple moving average is $11.48. Coty Inc. has a one year low of $9.02 and a one year high of $13.46.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. Coty had a net margin of 5.39% and a return on equity of 11.91%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the company earned $0.22 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts anticipate that Coty Inc. will post 0.45 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. DA Davidson reissued a “buy” rating and issued a $17.50 target price on shares of Coty in a research note on Monday, April 8th. Barclays reduced their target price on Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 target price on shares of Coty in a research note on Friday, February 9th. Canaccord Genuity Group began coverage on Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Citigroup reduced their price objective on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.19.

Insider Buying and Selling at Coty

In other Coty news, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now owns 169,982 shares in the company, valued at approximately $2,134,973.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the sale, the director now owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert S. Singer sold 90,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the sale, the director now owns 169,982 shares in the company, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.

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.