Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Coty Inc (NYSE:COTY) by 34.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,576 shares of the company’s stock after purchasing an additional 32,490 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coty were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Asset Management Inc lifted its position in shares of Coty by 4.7% during the 4th quarter. World Asset Management Inc now owns 22,800 shares of the company’s stock valued at $256,000 after acquiring an additional 1,033 shares during the period. Retirement Systems of Alabama lifted its position in shares of Coty by 0.9% during the 4th quarter. Retirement Systems of Alabama now owns 129,905 shares of the company’s stock valued at $1,461,000 after acquiring an additional 1,103 shares during the period. Savant Capital LLC lifted its position in shares of Coty by 7.8% during the 4th quarter. Savant Capital LLC now owns 19,074 shares of the company’s stock valued at $215,000 after acquiring an additional 1,374 shares during the period. Regent Investment Management LLC lifted its position in shares of Coty by 13.2% during the 4th quarter. Regent Investment Management LLC now owns 14,627 shares of the company’s stock valued at $164,000 after acquiring an additional 1,705 shares during the period. Finally, Hartford Investment Management Co. lifted its position in shares of Coty by 5.8% during the 1st quarter. Hartford Investment Management Co. now owns 32,490 shares of the company’s stock valued at $168,000 after acquiring an additional 1,790 shares during the period. 38.54% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Coty from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Tuesday, May 12th. BNP Paribas downgraded shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a research report on Wednesday, May 13th. DA Davidson downgraded Coty from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a research report on Monday, April 27th. Wells Fargo & Co restated a “hold” rating and set a $5.00 price objective on shares of Coty in a research report on Friday, March 20th. Finally, Barclays restated a “hold” rating and set a $5.00 price objective on shares of Coty in a research report on Sunday, March 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. Coty currently has a consensus rating of “Hold” and a consensus price target of $9.25.

COTY stock opened at $3.75 on Friday. The stock has a market capitalization of $2.53 billion, a P/E ratio of 7.93, a PEG ratio of 1.80 and a beta of 1.06. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.88 and a current ratio of 1.19. Coty Inc has a one year low of $3.02 and a one year high of $13.81. The company has a 50 day moving average price of $5.08 and a two-hundred day moving average price of $9.06.

Coty (NYSE:COTY) last released its earnings results on Monday, May 11th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07). The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Coty had a positive return on equity of 7.26% and a negative net margin of 38.33%. The firm’s revenue was down 23.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. Research analysts forecast that Coty Inc will post 0.23 earnings per share for the current fiscal year.

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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