Coty Inc. (NYSE:COTY) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lowered its holdings in Coty Inc. (NYSE:COTY) by 42.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,355 shares of the company’s stock after selling 186,252 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in Coty were worth $2,388,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COTY. Blue Trust Inc. lifted its stake in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the period. Quent Capital LLC grew its holdings in shares of Coty by 1,448.8% in the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares during the period. WealthShield Partners LLC purchased a new stake in shares of Coty in the second quarter valued at about $100,000. Fifth Third Wealth Advisors LLC acquired a new position in Coty in the second quarter valued at about $107,000. Finally, EntryPoint Capital LLC lifted its position in shares of Coty by 260.4% during the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after purchasing an additional 8,419 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on COTY shares. Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Coty in a report on Wednesday, August 21st. Stifel Nicolaus reduced their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Wells Fargo & Company reduced their target price on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.56.

Coty Trading Down 1.8 %

Shares of Coty stock opened at $7.07 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 0.70 and a beta of 1.91. The business has a fifty day simple moving average of $8.39 and a 200-day simple moving average of $9.43. Coty Inc. has a fifty-two week low of $6.93 and a fifty-two week high of $13.30.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts forecast that Coty Inc. will post 0.51 EPS for the current fiscal 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.