112,359 Shares in Coty Inc. (NYSE:COTY) Bought by Bank of Nova Scotia

Bank of Nova Scotia bought a new position in shares of Coty Inc. (NYSE:COTYGet Rating) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 112,359 shares of the company’s stock, valued at approximately $900,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Coty by 20.0% in the first quarter. BlackRock Inc. now owns 46,632,257 shares of the company’s stock valued at $419,223,000 after acquiring an additional 7,760,564 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Coty by 13.3% in the first quarter. Vanguard Group Inc. now owns 34,950,784 shares of the company’s stock valued at $314,208,000 after acquiring an additional 4,092,581 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Coty by 123.3% in the first quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock valued at $151,598,000 after acquiring an additional 9,311,527 shares during the last quarter. Credit Agricole S A bought a new stake in Coty in the second quarter valued at approximately $109,361,000. Finally, State Street Corp boosted its holdings in Coty by 7.8% in the first quarter. State Street Corp now owns 8,985,005 shares of the company’s stock valued at $80,775,000 after acquiring an additional 648,084 shares during the last quarter. 37.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coty

In related news, Director Olivier Goudet purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average cost of $7.61 per share, with a total value of $761,000.00. Following the transaction, the director now owns 1,039,129 shares of the company’s stock, valued at approximately $7,907,771.69. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays upped their target price on Coty to $8.00 in a report on Tuesday, November 15th. Bank of America started coverage on Coty in a report on Wednesday, September 14th. They set a “buy” rating and a $12.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Coty from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, October 24th. Raymond James cut their price target on Coty from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Monday, August 15th. Finally, Morgan Stanley cut their price target on Coty from $9.00 to $8.25 and set an “equal weight” rating on the stock in a report on Tuesday, October 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Coty has an average rating of “Moderate Buy” and a consensus target price of $10.08.

Coty Trading Up 0.5 %

NYSE COTY opened at $7.77 on Friday. The firm has a market capitalization of $6.52 billion, a P/E ratio of 77.70, a PEG ratio of 1.50 and a beta of 1.90. The business has a fifty day simple moving average of $7.01 and a 200 day simple moving average of $7.22. Coty Inc. has a 12 month low of $5.90 and a 12 month high of $10.85. The company has a current ratio of 0.70, a quick ratio of 0.44 and a debt-to-equity ratio of 1.33.

Coty (NYSE:COTYGet Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Coty had a return on equity of 9.47% and a net margin of 2.92%. Coty’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. On average, analysts predict that Coty Inc. will post 0.32 EPS for the current fiscal year.

Coty Profile

(Get Rating)

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 products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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