Larson Financial Group LLC Sells 11,774 Shares of Coty Inc. (NYSE:COTY)

Larson Financial Group LLC lowered its stake in shares of Coty Inc. (NYSE:COTY) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,214 shares of the company’s stock after selling 11,774 shares during the period. Larson Financial Group LLC’s holdings in Coty were worth $1,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Dynasty Wealth Management LLC purchased a new position in shares of Coty in the first quarter worth about $423,000. Tidal Investments LLC increased its stake in Coty by 327.9% during the first quarter. Tidal Investments LLC now owns 135,474 shares of the company’s stock worth $1,620,000 after acquiring an additional 103,811 shares during the last quarter. Quent Capital LLC increased its stake in Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after acquiring an additional 4,810 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Coty by 23.8% in the second quarter. Fulton Bank N.A. now owns 22,578 shares of the company’s stock valued at $226,000 after buying an additional 4,340 shares in the last quarter. Finally, M&G Plc boosted its holdings in Coty by 41.4% in the second quarter. M&G Plc now owns 509,694 shares of the company’s stock valued at $5,097,000 after purchasing an additional 149,351 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Raymond James decreased their price target on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 8th. DA Davidson dropped their price objective on Coty from $14.50 to $12.50 and set a “buy” rating for the company in a research note on Monday, November 11th. Citigroup decreased their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. 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. Finally, Wells Fargo & Company dropped their target price on Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Coty has an average rating of “Moderate Buy” and a consensus price target of $11.56.

Coty Trading Up 1.8 %

Shares of NYSE:COTY opened at $7.32 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The stock’s 50-day moving average is $8.21 and its 200-day moving average is $9.30. Coty Inc. has a 52-week low of $6.93 and a 52-week high of $13.30. 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 (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The business 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 firm posted $0.09 EPS. Coty’s revenue was up 1.8% on a year-over-year basis. Equities research analysts predict that Coty Inc. will post 0.51 earnings per share for the current 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.