TCW Group Inc. Has $1.99 Million Stock Position in Coty Inc. (NYSE:COTY)

TCW Group Inc. lessened its position in shares of Coty Inc. (NYSE:COTY) by 81.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 211,568 shares of the company’s stock after selling 942,756 shares during the quarter. TCW Group Inc.’s holdings in Coty were worth $1,987,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Banco Santander S.A. raised its holdings in Coty by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock worth $217,029,000 after purchasing an additional 79,180 shares during the last quarter. State Street Corp grew its position in shares of Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after buying an additional 251,964 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Coty by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after buying an additional 890,626 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in 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 buying an additional 656,952 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after acquiring an additional 1,687,045 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Stock Down 2.0 %

Shares of COTY stock opened at $7.47 on Friday. Coty Inc. has a 12-month low of $6.93 and a 12-month high of $13.30. 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 fifty day moving average of $7.73 and a 200-day moving average of $8.99. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 43.91, a P/E/G ratio of 0.75 and a beta of 1.89.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on COTY. JPMorgan Chase & Co. dropped their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced 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. Stifel Nicolaus lowered their price target on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. Finally, TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. One 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, Coty presently has an average 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.