Ruffer LLP Cuts Stock Position in Coty Inc. (NYSE:COTY)

Ruffer LLP lowered its stake in shares of Coty Inc. (NYSE:COTY) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,225,675 shares of the company’s stock after selling 59,216 shares during the quarter. Coty comprises approximately 0.8% of Ruffer LLP’s investment portfolio, making the stock its 27th largest holding. Ruffer LLP owned about 0.37% of Coty worth $22,449,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of COTY. Retirement Systems of Alabama lifted its holdings in shares of Coty by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock worth $3,092,000 after purchasing an additional 1,472 shares during the period. State of Alaska Department of Revenue lifted its stake in Coty by 3.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock valued at $397,000 after acquiring an additional 1,545 shares during the period. Stephens Inc. AR boosted its holdings in shares of Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock valued at $108,000 after acquiring an additional 1,672 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Coty by 26.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after acquiring an additional 2,110 shares during the period. Finally, Atria Investments Inc raised its holdings in shares of Coty by 19.3% during the third quarter. Atria Investments Inc now owns 18,650 shares of the company’s stock worth $175,000 after purchasing an additional 3,022 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COTY. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price target on shares of Coty in a research report on Wednesday, February 12th. TD Cowen cut shares of Coty from a “buy” rating to a “hold” rating and cut their target price for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. Morgan Stanley decreased their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Stifel Nicolaus dropped their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, Evercore ISI decreased their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.89.

Coty Price Performance

Shares of COTY opened at $5.86 on Friday. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of -585.50, a PEG ratio of 0.81 and a beta of 1.97. The firm’s fifty day simple moving average is $6.54 and its 200-day simple moving average is $7.62. Coty Inc. has a twelve month low of $5.35 and a twelve month high of $12.80. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Equities analysts forecast that Coty Inc. will post 0.39 EPS for the current fiscal 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.