Vaughan Nelson Investment Management L.P. Increases Stock Position in Coty Inc. (NYSE:COTY)

Vaughan Nelson Investment Management L.P. raised its holdings in shares of Coty Inc. (NYSE:COTY) by 5.1% during the fourth quarter, HoldingsChannel reports. The fund owned 5,929,663 shares of the company’s stock after purchasing an additional 287,061 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Coty were worth $41,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Coty by 2.3% in the third 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 in the last quarter. Barclays PLC grew its position in Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after buying an additional 693,961 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock worth $6,981,000 after acquiring an additional 107,014 shares during 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 valued at $5,547,000 after acquiring an additional 65,900 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Coty in the third quarter valued at approximately $3,681,000. 42.36% of the stock is owned by institutional investors.

Coty Stock Down 1.5 %

COTY stock opened at $6.75 on Friday. The stock has a market capitalization of $5.87 billion, a P/E ratio of 39.68, a P/E/G ratio of 0.72 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. Coty Inc. has a 1-year low of $6.59 and a 1-year high of $13.30. The business has a fifty day moving average price of $7.17 and a 200-day moving average price of $8.15.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (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 the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company posted $0.09 EPS. Coty’s revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. TD Cowen downgraded shares of Coty from a “buy” rating to a “hold” rating and decreased their price target for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. Raymond James reduced their target price 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. DA Davidson restated a “buy” rating and set a $12.50 price target on shares of Coty in a research report on Thursday. Finally, Citigroup lowered their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.24.

Coty 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.