Coty Inc (NYSE:COTY) Move as Institutional Investors’ Sentiment Up

June 12, 2018 - By Vivian Currie

Coty Inc. (NYSE:COTY) Logo

Sentiment for Coty Inc (NYSE:COTY)

Coty Inc (NYSE:COTY) institutional sentiment increased to 1.04 in 2018 Q1. Its up 0.09, from 0.95 in 2017Q4. The ratio improved, as 145 institutional investors opened new and increased stock positions, while 139 cut down and sold holdings in Coty Inc. The institutional investors in our partner’s database now hold: 476.59 million shares, down from 499.23 million shares in 2017Q4. Also, the number of institutional investors holding Coty Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 29 Reduced: 110 Increased: 92 New Position: 53.

Coty Inc., together with its subsidiaries, makes, markets, sells, and distributes beauty products worldwide. The company has market cap of $10.64 billion. It operates in three divisions: Consumer Beauty, Luxury, and Professional Beauty. It currently has negative earnings. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

The stock increased 0.53% or $0.075 during the last trading session, reaching $14.175. About 2.24 million shares traded. Coty Inc. (NYSE:COTY) has declined 27.02% since June 12, 2017 and is downtrending. It has underperformed by 39.59% the S&P500.

Analysts await Coty Inc. (NYSE:COTY) to report earnings on August, 28. COTY’s profit will be $105.08M for 25.31 P/E if the $0.14 EPS becomes a reality. After $0.13 actual EPS reported by Coty Inc. for the previous quarter, Wall Street now forecasts 7.69 % EPS growth.

Msd Partners L.P. holds 6.53% of its portfolio in Coty Inc. for 7.03 million shares. Lincoln Capital Llc owns 186,618 shares or 1.85% of their US portfolio. Moreover, Jag Capital Management Llc has 1.44% invested in the company for 424,435 shares. The France-based Tobam has invested 1.36% in the stock. York Capital Management Global Advisors Llc, a New York-based fund reported 3.27 million shares.

Since January 1, 0001, it had 3 insider purchases, and 0 selling transactions for $85.36 million activity.

Coty Inc. (NYSE:COTY) Ratings Coverage

Ratings analysis reveals 44% of Coty’s analysts are positive. Out of 9 Wall Street analysts rating Coty, 4 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $15.5000 while the high is $24.0. The stock’s average target of $19.64 is 38.55% above today’s ($14.175) share price. COTY was included in 10 notes of analysts from December 21, 2017. The firm has “Buy” rating given on Thursday, February 8 by BMO Capital Markets. Berenberg upgraded Coty Inc. (NYSE:COTY) on Thursday, May 10 to “Hold” rating. The company was downgraded on Friday, May 11 by Deutsche Bank. The firm has “Buy” rating by Citigroup given on Friday, February 9. Citigroup maintained it with “Buy” rating and $18 target in Thursday, May 31 report. The stock of Coty Inc. (NYSE:COTY) has “Underweight” rating given on Monday, February 12 by JP Morgan. The stock of Coty Inc. (NYSE:COTY) earned “Outperform” rating by RBC Capital Markets on Thursday, December 21. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, February 8 report.

More recent Coty Inc. (NYSE:COTY) news were published by: 247Wallst.com which released: “Coty, Big Lots Tumble into Friday’s 52-Week Low Club” on June 01, 2018. Also Investorplace.com published the news titled: “CoverGirl’s Flagship Store to Open in NYC” on June 11, 2018. 247Wallst.com‘s news article titled: “Coty, Avon Drop into Monday’s 52-Week Low Club” with publication date: June 04, 2018 was also an interesting one.

Coty Inc. (NYSE:COTY) Institutional Positions Chart

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