Griffin Asset Management Inc. Takes $90,000 Position in Coty Inc (COTY)

Griffin Asset Management Inc. purchased a new position in shares of Coty Inc (NYSE:COTY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,700 shares of the company’s stock, valued at approximately $90,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in shares of Coty in the 4th quarter valued at about $25,000. Pearl River Capital LLC acquired a new position in Coty during the 4th quarter valued at about $56,000. CSat Investment Advisory L.P. boosted its stake in Coty by 246.2% during the 4th quarter. CSat Investment Advisory L.P. now owns 10,366 shares of the company’s stock valued at $68,000 after purchasing an additional 7,372 shares during the period. Advisor Partners LLC acquired a new position in Coty during the 4th quarter valued at about $70,000. Finally, Delta Asset Management LLC TN boosted its stake in Coty by 12.5% during the 4th quarter. Delta Asset Management LLC TN now owns 10,825 shares of the company’s stock valued at $71,000 after purchasing an additional 1,200 shares during the period. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

COTY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Coty from an “underweight” rating to a “neutral” rating and set a $7.00 price target for the company in a research note on Friday, January 4th. Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Coty in a research note on Tuesday, March 5th. Citigroup downgraded shares of Coty from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $13.00 to $12.00 in a report on Tuesday, April 2nd. Finally, Stifel Nicolaus downgraded shares of Coty from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a report on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.96.

Shares of COTY stock traded up $0.01 during trading hours on Friday, reaching $11.26. 10,248,172 shares of the stock traded hands, compared to its average volume of 17,642,214. Coty Inc has a 1-year low of $5.91 and a 1-year high of $17.58. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.96 and a quick ratio of 0.66. The firm has a market capitalization of $8.46 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.57 and a beta of 0.93.

Coty (NYSE:COTY) last announced its quarterly earnings data on Friday, February 8th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Coty had a negative net margin of 13.58% and a positive return on equity of 5.38%. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis. Sell-side analysts predict that Coty Inc will post 0.63 EPS for the current fiscal year.

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Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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