14,000 Shares in Coty Inc. (NYSE:COTY) Acquired by McAlister Sweet & Associates Inc.

McAlister Sweet & Associates Inc. purchased a new stake in shares of Coty Inc. (NYSE:COTY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,000 shares of the company’s stock, valued at approximately $172,000.

Several other institutional investors have also modified their holdings of COTY. Compagnie Lombard Odier SCmA raised its holdings in Coty by 72.0% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,389 shares of the company’s stock worth $29,000 after buying an additional 1,000 shares during the period. Quadrant Capital Group LLC boosted its stake in Coty by 165.1% in the 4th quarter. Quadrant Capital Group LLC now owns 4,541 shares of the company’s stock worth $39,000 after purchasing an additional 2,828 shares during the period. National Bank of Canada FI acquired a new position in Coty during the first quarter valued at $67,000. Harvest Fund Management Co. Ltd purchased a new stake in Coty in the 1st quarter worth approximately $96,000. Finally, Captrust Financial Advisors increased its stake in shares of Coty by 126.2% in the first quarter. Captrust Financial Advisors now owns 8,400 shares of the company’s stock worth $76,000 after acquiring an additional 4,686 shares during the last quarter. Institutional investors and hedge funds own 37.10% of the company’s stock.

Coty Stock Up 1.4 %

Shares of NYSE:COTY traded up $0.16 during midday trading on Thursday, reaching $11.43. 850,455 shares of the company were exchanged, compared to its average volume of 5,077,017. The firm has a market cap of $9.75 billion, a PE ratio of 19.95, a P/E/G ratio of 9.05 and a beta of 1.91. The company has a quick ratio of 0.44, a current ratio of 0.75 and a debt-to-equity ratio of 1.05. Coty Inc. has a fifty-two week low of $6.19 and a fifty-two week high of $13.46. The stock has a fifty day simple moving average of $11.80 and a two-hundred day simple moving average of $11.73.

Coty (NYSE:COTY) last released its quarterly earnings data on Tuesday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Coty had a return on equity of 12.66% and a net margin of 9.15%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, sell-side analysts forecast that Coty Inc. will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group downgraded Coty from a “buy” rating to a “hold” rating and lowered their target price for the company from $16.00 to $14.00 in a research note on Thursday, July 27th. JPMorgan Chase & Co. boosted their price objective on shares of Coty from $12.00 to $13.00 in a research note on Friday, July 7th. Morgan Stanley raised their target price on shares of Coty from $11.50 to $12.25 and gave the company an “equal weight” rating in a research note on Wednesday, August 23rd. Bank of America upped their price target on shares of Coty from $13.00 to $14.00 in a report on Wednesday, July 5th. Finally, Citigroup dropped their price objective on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 23rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.02.

Coty Company 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 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.