Tidal Investments LLC Increases Stock Position in Coty Inc. (NYSE:COTY)

Tidal Investments LLC grew its position in Coty Inc. (NYSE:COTY) by 26.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 201,398 shares of the company’s stock after acquiring an additional 42,295 shares during the period. Tidal Investments LLC’s holdings in Coty were worth $1,891,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of COTY. Blue Trust Inc. increased its stake in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Coty in the third quarter valued at approximately $96,000. WealthShield Partners LLC acquired a new position in shares of Coty during the 2nd quarter worth approximately $100,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Coty during the 2nd quarter worth approximately $107,000. Finally, Capstone Investment Advisors LLC purchased a new position in Coty during the third quarter valued at $109,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Stock Down 0.5 %

COTY stock opened at $7.46 on Tuesday. Coty Inc. has a one year low of $6.93 and a one year high of $13.30. The firm has a market cap of $6.49 billion, a PE ratio of 43.88, a PEG ratio of 0.75 and a beta of 1.89. The firm’s 50 day moving average price is $7.70 and its 200-day moving average price is $8.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85.

Coty (NYSE:COTY) last posted 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 net margin of 2.78% and a return on equity of 9.16%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. Coty’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that Coty Inc. will post 0.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target 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. Raymond James reduced their target price on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Evercore ISI reiterated an “outperform” rating and set a $15.00 price target on shares of Coty in a research report on Wednesday, August 21st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coty currently has an average rating of “Moderate Buy” and a consensus price target of $11.41.

About Coty

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.