Coty Inc. (NYSE:COTY) Short Interest Down 5.5% in October

Coty Inc. (NYSE:COTY) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 14,620,000 shares, a decrease of 5.5% from the September 30th total of 15,470,000 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,570,000 shares, the days-to-cover ratio is currently 3.2 days.

Hedge Funds Weigh In On Coty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in 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 acquiring an additional 2,385 shares during the period. Quent Capital LLC grew its stake in Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after purchasing an additional 4,810 shares during the period. WealthShield Partners LLC bought a new stake in Coty in the second quarter worth approximately $100,000. Fifth Third Wealth Advisors LLC acquired a new position in Coty in the second quarter valued at approximately $107,000. Finally, EntryPoint Capital LLC boosted its holdings in shares of Coty by 260.4% during the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after buying an additional 8,419 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Jefferies Financial Group decreased their target price on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Barclays dropped their price objective on shares of Coty from $10.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Citigroup decreased their target price on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Finally, Wells Fargo & Company lowered their price target on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Coty currently has an average rating of “Moderate Buy” and a consensus target price of $12.15.

Coty Trading Up 0.6 %

Shares of COTY stock opened at $7.49 on Friday. Coty has a 1-year low of $7.34 and a 1-year high of $13.30. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 93.56, a PEG ratio of 1.12 and a beta of 1.89. The stock has a 50-day moving average of $8.83 and a 200-day moving average of $9.75.

Coty (NYSE:COTY) last released its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 EPS. On average, equities research analysts forecast that Coty will post 0.55 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.