TD Cowen Lowers Coty (NYSE:COTY) Price Target to $13.00

Coty (NYSE:COTY) had its price objective decreased by analysts at TD Cowen from $16.00 to $13.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 17.65% from the stock’s previous close.

A number of other analysts have also commented on COTY. TheStreet upgraded Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th. Wells Fargo & Company lifted their target price on Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Canaccord Genuity Group started coverage on Coty in a research report on Monday. They issued a “buy” rating and a $14.00 target price on the stock. Citigroup lowered their target price on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coty in a research report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Coty currently has a consensus rating of “Hold” and an average price target of $13.19.

Coty Stock Performance

Shares of Coty stock opened at $11.05 on Wednesday. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 5.98 and a beta of 1.82. The stock’s 50-day moving average is $11.95 and its 200-day moving average is $11.47. Coty has a one year low of $9.02 and a one year high of $13.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. Coty had a return on equity of 11.91% and a net margin of 5.39%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. Equities analysts predict that Coty will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.56, for a total value of $1,130,400.00. Following the transaction, the director now owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert S. Singer sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now owns 120,000 shares of the company’s stock, valued at $1,524,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On Coty

Several institutional investors have recently made changes to their positions in COTY. BluePath Capital Management LLC bought a new stake in shares of Coty in the third quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Coty in the third quarter valued at approximately $31,000. Atlas Capital Advisors LLC bought a new stake in shares of Coty in the second quarter valued at approximately $37,000. Coppell Advisory Solutions LLC bought a new stake in shares of Coty in the second quarter valued at approximately $47,000. Finally, US Bancorp DE lifted its stake in Coty by 59.8% during the fourth quarter. US Bancorp DE now owns 5,950 shares of the company’s stock worth $74,000 after purchasing an additional 2,226 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors.

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.