Ethic Inc. Sells 49,341 Shares of Coty Inc. (NYSE:COTY)

Ethic Inc. lessened its holdings in Coty Inc. (NYSE:COTY) by 62.2% in the fourth quarter, HoldingsChannel reports. The fund owned 29,928 shares of the company’s stock after selling 49,341 shares during the period. Ethic Inc.’s holdings in Coty were worth $208,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. boosted its position in shares of Coty by 12.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock valued at $140,691,000 after acquiring an additional 2,175,120 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Coty by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after acquiring an additional 1,569,315 shares during the period. Clearbridge Investments LLC boosted its position in shares of Coty by 0.4% in the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock valued at $68,379,000 after acquiring an additional 37,412 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after acquiring an additional 1,646,839 shares during the period. Finally, Norges Bank acquired a new position in Coty in the fourth quarter valued at about $44,401,000. Institutional investors own 42.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on COTY. Stifel Nicolaus dropped their price target on Coty from $8.00 to $6.50 and set a “hold” rating for the company in a research note on Thursday, April 10th. Citigroup dropped their price target on Coty from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Thursday, May 8th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $5.00 price target (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. Royal Bank of Canada dropped their price target on Coty from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Finally, Morgan Stanley dropped their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.80.

Coty Stock Performance

Coty stock opened at $5.05 on Friday. The business has a 50 day moving average of $5.15 and a 200-day moving average of $6.29. Coty Inc. has a 1 year low of $4.46 and a 1 year high of $10.80. 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 company has a market capitalization of $4.40 billion, a P/E ratio of -505.00, a P/E/G ratio of 0.81 and a beta of 1.90.

Coty (NYSE:COTY) last released 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 net margin of 0.22% and a return on equity of 6.34%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company earned $0.05 EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts predict that Coty Inc. will post 0.39 earnings per share for the current year.

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.