13,096 Shares in Coty Inc. (NYSE:COTY) Bought by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC acquired a new position in shares of Coty Inc. (NYSE:COTY) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 13,096 shares of the company’s stock, valued at approximately $91,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp lifted its position in shares of Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after buying an additional 251,964 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Coty by 25.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after buying an additional 1,646,839 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after buying an additional 287,061 shares during the last quarter. Amundi lifted its position in shares of Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after buying an additional 4,478,906 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Coty by 17.5% in the fourth quarter. Victory Capital Management Inc. now owns 3,134,276 shares of the company’s stock valued at $21,815,000 after purchasing an additional 466,772 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COTY shares. Barclays dropped their target price on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Evercore ISI dropped their target price on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group dropped their target price on Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Canaccord Genuity Group dropped their target price on Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.78.

Coty Trading Down 1.3 %

NYSE COTY opened at $5.56 on Monday. The business has a 50 day simple moving average of $6.29 and a 200 day simple moving average of $7.33. Coty Inc. has a one year low of $5.35 and a one year high of $11.99. The stock has a market capitalization of $4.84 billion, a P/E ratio of -555.50, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

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

Coty 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.