Dynasty Wealth Management LLC Lowers Holdings in Coty Inc. (NYSE:COTY)

Dynasty Wealth Management LLC trimmed its holdings in Coty Inc. (NYSE:COTY) by 46.3% in the 4th quarter, HoldingsChannel reports. The fund owned 17,137 shares of the company’s stock after selling 14,775 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Coty were worth $119,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares during the period. Raymond James & Associates boosted its stake in Coty by 13.2% during the third quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock worth $3,273,000 after buying an additional 40,572 shares during the period. State of Alaska Department of Revenue boosted its stake in Coty by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after buying an additional 1,545 shares during the period. M&G PLC boosted its stake in Coty by 4.7% during the third quarter. M&G PLC now owns 533,731 shares of the company’s stock worth $4,804,000 after buying an additional 24,037 shares during the period. Finally, Atria Investments Inc boosted its position in shares of Coty by 19.3% during the 3rd quarter. Atria Investments Inc now owns 18,650 shares of the company’s stock worth $175,000 after purchasing an additional 3,022 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COTY has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Morgan Stanley lowered their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Canaccord Genuity Group lowered their target price on Coty from $10.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Barclays lowered their target price on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Finally, TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.89.

Coty Stock Down 0.4 %

Shares of Coty stock opened at $5.70 on Friday. The company has a market capitalization of $4.97 billion, a P/E ratio of -569.50, a P/E/G ratio of 0.81 and a beta of 1.89. The company has a 50 day moving average of $6.70 and a 200 day moving average of $7.79. Coty Inc. has a 52-week low of $5.42 and a 52-week high of $12.99. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, research analysts forecast that Coty Inc. will post 0.39 EPS for the current fiscal year.

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 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.