MQS Management LLC Has $420,000 Stake in Coty Inc. (NYSE:COTY)

MQS Management LLC increased its stake in shares of Coty Inc. (NYSE:COTY) by 194.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 35,086 shares of the company’s stock after acquiring an additional 23,181 shares during the period. MQS Management LLC’s holdings in Coty were worth $420,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Securian Asset Management Inc. grew its holdings in Coty by 4.2% in the 4th quarter. Securian Asset Management Inc. now owns 31,605 shares of the company’s stock valued at $393,000 after buying an additional 1,268 shares during the last quarter. Federated Hermes Inc. grew its holdings in Coty by 4.2% in the 4th quarter. Federated Hermes Inc. now owns 46,244 shares of the company’s stock valued at $574,000 after buying an additional 1,871 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Coty by 3.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock worth $789,000 after purchasing an additional 2,012 shares in the last quarter. Xponance Inc. grew its holdings in shares of Coty by 4.9% during the 4th quarter. Xponance Inc. now owns 44,920 shares of the company’s stock worth $558,000 after purchasing an additional 2,105 shares in the last quarter. Finally, New York Life Investment Management LLC grew its holdings in shares of Coty by 5.6% during the 4th quarter. New York Life Investment Management LLC now owns 40,653 shares of the company’s stock worth $505,000 after purchasing an additional 2,166 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

Coty stock traded up $0.11 on Thursday, reaching $9.69. The company’s stock had a trading volume of 3,969,862 shares, compared to its average volume of 3,868,940. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 3.41 and a beta of 1.91. The business’s fifty day moving average price is $10.06 and its 200 day moving average price is $11.23. Coty Inc. has a twelve month low of $9.02 and a twelve month high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Coty had a return on equity of 8.75% and a net margin of 3.59%. Coty’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. Equities analysts expect that Coty Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Bank of America decreased their price objective on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. DA Davidson decreased their price objective on Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Piper Sandler decreased their price objective on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Canaccord Genuity Group assumed coverage on Coty in a report on Monday, April 15th. They set a “buy” rating and a $14.00 price objective on the stock. Finally, Canaccord Genuity Group assumed coverage on Coty in a report on Monday, April 15th. They set a “buy” rating and a $14.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.01.

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.