Legal & General Group Plc Trims Stake in Coty Inc (COTY)

Legal & General Group Plc lessened its stake in shares of Coty Inc (NYSE:COTY) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,558,602 shares of the company’s stock after selling 110,309 shares during the period. Legal & General Group Plc owned about 0.34% of Coty worth $16,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pearl River Capital LLC bought a new position in shares of Coty in the fourth quarter valued at approximately $56,000. CSat Investment Advisory L.P. lifted its position in Coty by 246.2% during the fourth 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 last quarter. Advisor Partners LLC bought a new stake in Coty during the fourth quarter valued at approximately $70,000. Delta Asset Management LLC TN lifted its position in Coty by 12.5% during the fourth 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 last quarter. Finally, Pitcairn Co. bought a new stake in Coty during the fourth quarter valued at approximately $78,000. Institutional investors and hedge funds own 65.85% of the company’s stock.

Shares of NYSE COTY traded up $0.16 during mid-day trading on Friday, hitting $11.26. The stock had a trading volume of 11,580,514 shares, compared to its average volume of 13,753,571. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 0.99. Coty Inc has a 1 year low of $5.91 and a 1 year high of $17.58. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 2.54 and a beta of 0.93.

Coty (NYSE:COTY) last issued its quarterly earnings data on Friday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.47 billion. Coty had a negative net margin of 13.58% and a positive return on equity of 5.38%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. Equities research analysts anticipate that Coty Inc will post 0.64 earnings per share for the current year.

COTY has been the subject of several research analyst reports. Jefferies Financial Group set a $11.00 target price on shares of Coty and gave the company a “hold” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Coty in a research note on Thursday, February 14th. Finally, Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two investment 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’s stock. The stock has an average rating of “Hold” and an average price target of $12.96.

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Coty 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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