Vaughan Nelson Investment Management L.P. Has $41.27 Million Holdings in Coty Inc. (NYSE:COTY)

Vaughan Nelson Investment Management L.P. raised its holdings in Coty Inc. (NYSE:COTY) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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. owned 0.68% of Coty worth $41,270,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COTY. Blue Trust Inc. raised its stake in Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares in the last quarter. R Squared Ltd acquired a new stake in Coty in the fourth quarter valued at approximately $54,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Coty during the fourth quarter worth $74,000. PFG Investments LLC acquired a new stake in shares of Coty during the 4th quarter valued at $75,000. Finally, Lecap Asset Management Ltd. bought a new stake in Coty during the 4th quarter worth $84,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Stock Down 1.5 %

Shares of NYSE:COTY opened at $6.75 on Friday. 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 Inc. has a 52-week low of $6.59 and a 52-week high of $13.30. The business’s 50 day simple moving average is $7.17 and its two-hundred day simple moving average is $8.15. The firm has a market cap of $5.87 billion, a P/E ratio of 39.68, a PEG ratio of 0.72 and a beta of 1.89.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on COTY. Deutsche Bank Aktiengesellschaft cut their price target on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Jefferies Financial Group reduced their target price on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Raymond James dropped their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Finally, Stifel Nicolaus decreased their price objective on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, October 15th. One equities research 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, the company presently has an average rating of “Moderate Buy” and an average price target 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.