Raymond James & Associates Has $1.87 Million Holdings in Coty Inc. (NYSE:COTY)

Raymond James & Associates trimmed its holdings in Coty Inc. (NYSE:COTYGet Rating) by 29.1% in the third quarter, Holdings Channel reports. The fund owned 295,747 shares of the company’s stock after selling 121,599 shares during the period. Raymond James & Associates’ holdings in Coty were worth $1,869,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Credit Agricole S A acquired a new position in shares of Coty in the 2nd quarter valued at approximately $109,361,000. Clearbridge Investments LLC raised its holdings in shares of Coty by 123.3% during the first quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock worth $151,598,000 after acquiring an additional 9,311,527 shares during the period. BlackRock Inc. lifted its position in Coty by 20.0% in the 1st 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 in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Coty by 11,823.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,121,465 shares of the company’s stock worth $57,043,000 after purchasing an additional 7,061,739 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Coty by 119.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,312,124 shares of the company’s stock worth $74,726,000 after purchasing an additional 4,525,332 shares in the last quarter. 37.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COTY has been the subject of several recent research reports. Morgan Stanley reduced their price objective on Coty from $9.00 to $8.25 and set an “equal weight” rating for the company in a research report on Tuesday, October 11th. JPMorgan Chase & Co. raised their price target on shares of Coty from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, January 13th. Wells Fargo & Company boosted their price objective on shares of Coty from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. StockNews.com assumed coverage on shares of Coty in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, DA Davidson boosted their price target on shares of Coty from $10.50 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, November 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.97.

Coty Stock Performance

Shares of COTY stock opened at $9.57 on Tuesday. The stock has a market cap of $8.03 billion, a P/E ratio of 95.70, a P/E/G ratio of 2.09 and a beta of 1.83. The company has a fifty day moving average price of $8.37 and a two-hundred day moving average price of $7.65. Coty Inc. has a one year low of $5.90 and a one year high of $10.02. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.70 and a quick ratio of 0.44.

Coty (NYSE:COTYGet Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Coty had a net margin of 2.92% and a return on equity of 9.47%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.08 EPS. Coty’s revenue was up 1.4% on a year-over-year basis. As a group, equities analysts predict that Coty Inc. will post 0.32 EPS for the current year.

Insider Activity

In other Coty news, Director Olivier Goudet bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were acquired at an average cost of $7.61 per share, with a total value of $761,000.00. Following the acquisition, the director now owns 1,039,129 shares of the company’s stock, valued at $7,907,771.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.40% of the company’s stock.

About Coty

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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