Symons Capital Management Inc. lowered its stake in shares of Coty Inc (NYSE:COTY) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 331,653 shares of the company’s stock after selling 38,468 shares during the period. Symons Capital Management Inc.’s holdings in Coty were worth $3,485,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Coty during the 2nd quarter worth approximately $37,000. CENTRAL TRUST Co bought a new stake in shares of Coty during the 2nd quarter worth approximately $43,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Coty by 92.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,789 shares of the company’s stock worth $76,000 after purchasing an additional 2,787 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in shares of Coty by 53.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 8,104 shares of the company’s stock worth $109,000 after purchasing an additional 2,826 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Coty in the 2nd quarter valued at $134,000. Institutional investors own 38.01% of the company’s stock.
COTY traded down $0.16 during trading hours on Friday, reaching $12.84. The company’s stock had a trading volume of 5,293,161 shares, compared to its average volume of 9,858,644. Coty Inc has a 52 week low of $5.91 and a 52 week high of $14.14. The company’s 50-day moving average is $10.93 and its 200-day moving average is $11.30. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.61 and a current ratio of 0.94. The firm has a market cap of $8.64 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 3.06 and a beta of 0.77.
Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Coty had a positive return on equity of 6.89% and a negative net margin of 43.76%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 EPS. Equities analysts anticipate that Coty Inc will post 0.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.89%. The ex-dividend date is Friday, November 15th. Coty’s payout ratio is 76.92%.
A number of equities research analysts recently weighed in on COTY shares. Wells Fargo & Co increased their price target on Coty from $11.00 to $13.00 and gave the company a “market perform” rating in a research note on Wednesday. Citigroup set a $9.00 price target on Coty and gave the company a “sell” rating in a research note on Friday, August 30th. Jefferies Financial Group set a $10.50 price target on Coty and gave the company a “hold” rating in a research note on Monday, October 21st. DA Davidson increased their price target on Coty from $10.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley increased their price target on Coty from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $12.96.
In other news, Director Robert S. Singer acquired 20,000 shares of the stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $9.49 per share, for a total transaction of $189,800.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Pierre Laubies acquired 262,000 shares of the stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $9.54 per share, for a total transaction of $2,499,480.00. Following the transaction, the chief executive officer now directly owns 3,218,675 shares in the company, valued at $30,706,159.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 507,000 shares of company stock worth $4,885,580 in the last quarter. Company insiders own 2.20% of the company’s stock.
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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