Jacobs Levy Equity Management Inc. Makes New $1.10 Million Investment in Coty Inc. (NYSE:COTY)

Jacobs Levy Equity Management Inc. acquired a new position in Coty Inc. (NYSE:COTY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 157,513 shares of the company’s stock, valued at approximately $1,096,000.

Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its holdings in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after buying an additional 3,186 shares in the last quarter. Allworth Financial LP grew its position in shares of Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after buying an additional 3,328 shares during the last quarter. Blue Trust Inc. grew its position in shares of Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after buying an additional 3,877 shares during the last quarter. Quadrant Capital Group LLC grew its position in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after purchasing an additional 2,601 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Coty during the 4th quarter worth approximately $54,000. Institutional investors own 42.36% of the company’s stock.

Coty Trading Up 0.4%

NYSE COTY opened at $5.05 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The firm’s fifty day moving average price is $5.15 and its 200 day moving average price is $6.29. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of -505.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. Coty Inc. has a 12 month low of $4.46 and a 12 month high of $10.97.

Coty (NYSE:COTY) last issued its quarterly earnings data 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). Coty had a return on equity of 6.34% and a net margin of 0.22%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, sell-side analysts expect that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on COTY shares. Citigroup dropped their target price on shares of Coty from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group decreased their target price on shares of Coty from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Evercore ISI reduced their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. BNP Paribas downgraded shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price objective on the stock. in a report on Friday, April 11th. Finally, Barclays reduced their target price on shares of Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Friday, April 11th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.80.

About Coty

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.