Strs Ohio Trims Holdings in Coty Inc. (NYSE:COTY)

Strs Ohio reduced its holdings in shares of Coty Inc. (NYSE:COTY) by 29.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,002 shares of the company’s stock after selling 36,466 shares during the period. Strs Ohio’s holdings in Coty were worth $1,105,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC purchased a new stake in Coty during the 3rd quarter worth approximately $29,000. DekaBank Deutsche Girozentrale purchased a new stake in Coty during the 3rd quarter worth approximately $31,000. Pathstone Family Office LLC purchased a new stake in Coty during the 3rd quarter worth approximately $118,000. Fulton Bank N.A. purchased a new stake in shares of Coty in the 4th quarter valued at approximately $131,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Coty in the 3rd quarter valued at approximately $136,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of brokerages have commented on COTY. Canaccord Genuity Group began coverage on shares of Coty in a research report on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research report on Friday, February 9th. TD Cowen dropped their price objective on shares of Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company increased their price objective on shares of Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Finally, Barclays dropped their price objective on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.19.

Coty Stock Up 3.6 %

Shares of NYSE:COTY opened at $11.69 on Wednesday. The stock has a market cap of $10.46 billion, a P/E ratio of 33.40, a P/E/G ratio of 6.17 and a beta of 1.82. The firm has a fifty day moving average price of $11.92 and a 200 day moving average price of $11.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. Coty Inc. has a 1-year low of $9.02 and a 1-year high of $13.46.

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

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.