Coty Inc. (NYSE:COTY) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its position in shares of Coty Inc. (NYSE:COTY) by 19.3% in the third quarter, Holdings Channel reports. The institutional investor owned 56,301 shares of the company’s stock after selling 13,472 shares during the period. Landscape Capital Management L.L.C.’s holdings in Coty were worth $529,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. M&G Plc increased its position in Coty by 41.4% during the 2nd quarter. M&G Plc now owns 509,694 shares of the company’s stock worth $5,097,000 after purchasing an additional 149,351 shares during the period. Assenagon Asset Management S.A. raised its position in Coty by 733.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after acquiring an additional 1,671,897 shares in the last quarter. Compass Wealth Management LLC boosted its position in shares of Coty by 12.6% during the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock worth $5,547,000 after purchasing an additional 65,900 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Coty in the 3rd quarter valued at about $3,681,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Coty by 11.3% in the third quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after purchasing an additional 656,952 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Trading Up 1.8 %

NYSE COTY opened at $7.32 on Friday. The company has a market cap of $6.37 billion, a P/E ratio of 43.06, a P/E/G ratio of 0.71 and a beta of 1.91. Coty Inc. has a 12 month low of $6.93 and a 12 month high of $13.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The company has a 50-day moving average of $8.21 and a 200-day moving average of $9.31.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered their target price on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. Jefferies Financial Group lowered their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Raymond James reduced their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.56.

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.