Coty Inc. (NYSE:COTY) Short Interest Down 5.1% in March

Coty Inc. (NYSE:COTYGet Free Report) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 19,720,000 shares, a drop of 5.1% from the February 29th total of 20,790,000 shares. Currently, 5.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,740,000 shares, the short-interest ratio is currently 5.3 days.

Insiders Place Their Bets

In other news, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the sale, the director now directly owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the transaction, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert S. Singer sold 90,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now owns 169,982 shares in the company, valued at $2,134,973.92. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Coty by 12.1% in the third quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock valued at $430,920,000 after purchasing an additional 4,245,039 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Coty by 29.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,707,372 shares of the company’s stock valued at $18,729,000 after purchasing an additional 385,290 shares in the last quarter. Integrated Advisors Network LLC raised its stake in Coty by 76.9% in the third quarter. Integrated Advisors Network LLC now owns 323,296 shares of the company’s stock valued at $3,547,000 after purchasing an additional 140,555 shares in the last quarter. Banco Santander S.A. raised its stake in Coty by 26.6% in the second quarter. Banco Santander S.A. now owns 26,239,918 shares of the company’s stock valued at $322,489,000 after purchasing an additional 5,513,900 shares in the last quarter. Finally, Ruffer LLP raised its stake in Coty by 11.5% in the third quarter. Ruffer LLP now owns 5,950,409 shares of the company’s stock valued at $66,276,000 after purchasing an additional 611,853 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on COTY. Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Coty in a report on Friday, February 9th. TheStreet upgraded shares of Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th. Wells Fargo & Company lifted their price objective on shares of Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Barclays lifted their price objective on shares of Coty from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Finally, DA Davidson lifted their price objective on shares of Coty from $17.00 to $17.50 and gave the stock a “buy” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Coty presently has an average rating of “Hold” and a consensus target price of $13.28.

View Our Latest Stock Report on COTY

Coty Trading Down 2.3 %

Shares of Coty stock opened at $11.62 on Wednesday. The firm has a 50-day moving average of $12.23 and a 200-day moving average of $11.52. The stock has a market cap of $10.40 billion, a PE ratio of 33.20, a PEG ratio of 6.57 and a beta of 1.82. Coty has a 52-week low of $9.02 and a 52-week high of $13.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85.

Coty (NYSE:COTYGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. Coty’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, sell-side analysts forecast that Coty will post 0.45 EPS for the current year.

About Coty

(Get Free Report)

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.

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