EntryPoint Capital LLC Raises Stock Holdings in Coty Inc. (NYSE:COTY)

EntryPoint Capital LLC raised its position in Coty Inc. (NYSE:COTY) by 260.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,652 shares of the company’s stock after buying an additional 8,419 shares during the quarter. EntryPoint Capital LLC’s holdings in Coty were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MQS Management LLC lifted its stake in Coty by 194.7% in the first quarter. MQS Management LLC now owns 35,086 shares of the company’s stock valued at $420,000 after buying an additional 23,181 shares during the last quarter. M&G Plc acquired a new position in shares of Coty in the first quarter valued at approximately $4,324,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Coty by 0.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 398,197 shares of the company’s stock valued at $4,802,000 after purchasing an additional 2,977 shares during the period. Entropy Technologies LP acquired a new position in shares of Coty in the first quarter valued at approximately $477,000. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in shares of Coty by 2.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,677,280 shares of the company’s stock valued at $31,625,000 after purchasing an additional 55,000 shares during the period. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. DA Davidson dropped their target price 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 dropped 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 started coverage on Coty in a report on Monday, April 15th. They set a “buy” rating and a $14.00 price objective on the stock. Canaccord Genuity Group started 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, Citigroup dropped their price objective on Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Eight 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 currently has an average rating of “Moderate Buy” and a consensus target price of $13.01.

Coty Trading Up 1.4 %

Shares of NYSE COTY traded up $0.14 during midday trading on Friday, hitting $9.83. The stock had a trading volume of 963,636 shares, compared to its average volume of 3,848,284. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 3.29 and a beta of 1.91. Coty Inc. has a 1-year low of $9.02 and a 1-year high of $13.30. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.93. The company has a fifty day moving average price of $10.06 and a 200 day moving average price of $11.23.

Coty (NYSE:COTY) last announced its earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. On average, analysts predict that Coty Inc. will post 0.44 earnings per share for the current year.

Coty 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.