Corton Capital Inc. Invests $191,000 in Coty Inc. (NYSE:COTY)

Corton Capital Inc. purchased a new stake in Coty Inc. (NYSE:COTY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,460 shares of the company’s stock, valued at approximately $191,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of COTY. Steward Partners Investment Advisory LLC lifted its holdings in shares of Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after purchasing an additional 3,186 shares during the period. Allworth Financial LP boosted its stake in shares of Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares in the last quarter. Blue Trust Inc. grew its holdings in Coty by 124.8% in the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after purchasing an additional 3,877 shares during the period. Quadrant Capital Group LLC increased its holdings in Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after acquiring an additional 2,601 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Coty in the 4th quarter worth about $54,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on COTY shares. Morgan Stanley dropped their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Evercore ISI cut their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Barclays decreased their price target on Coty from $5.00 to $4.50 and set an “underweight” rating on the stock in a research note on Friday, April 11th. Berenberg Bank started coverage on shares of Coty in a report on Tuesday, March 25th. They issued a “buy” rating and a $7.50 price objective for the company. Finally, DA Davidson reaffirmed a “buy” rating and issued a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.80.

Coty Stock Up 5.6 %

COTY stock opened at $4.83 on Friday. Coty Inc. has a 12 month low of $4.46 and a 12 month high of $11.41. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -482.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. The company has a fifty day moving average price of $5.24 and a 200 day moving average price of $6.40. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

Coty (NYSE:COTY) last released its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Coty had a return on equity of 6.34% and a net margin of 0.22%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. Sell-side analysts expect that Coty Inc. will post 0.39 earnings per share for the current 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.