Coty’s (COTY) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Coty (NYSE:COTY) in a report released on Monday, Benzinga reports. The firm currently has a $17.50 target price on the stock.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reiterated an outperform rating and issued a $14.00 price objective on shares of Coty in a report on Friday, February 9th. TheStreet upgraded shares of Coty from a c+ rating to a b- rating in a report on Thursday, February 8th. Wells Fargo & Company increased their price objective on shares of Coty from $11.00 to $12.00 and gave the company an equal weight rating in a report on Friday, February 9th. Canaccord Genuity Group initiated coverage on shares of Coty in a report on Monday, April 15th. They issued a buy rating and a $14.00 price objective for the company. Finally, Canaccord Genuity Group began coverage on shares of Coty in a report on Monday, April 15th. They issued a buy rating and a $14.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Coty has an average rating of Hold and an average target price of $13.19.

Coty Price Performance

Shares of NYSE:COTY opened at $11.71 on Monday. The firm’s 50 day moving average is $11.92 and its two-hundred day moving average is $11.51. Coty has a 52 week low of $9.02 and a 52 week high of $13.46. The firm has a market capitalization of $10.48 billion, a P/E ratio of 33.44, a PEG ratio of 6.25 and a beta of 1.82. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COTY. SG Americas Securities LLC grew its stake in Coty by 132.4% in the 3rd quarter. SG Americas Securities LLC now owns 43,068 shares of the company’s stock valued at $472,000 after buying an additional 24,536 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Coty by 14.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 178,693 shares of the company’s stock valued at $1,960,000 after buying an additional 22,936 shares during the last quarter. Hanlon Investment Management Inc. grew its stake in Coty by 15.0% in the 3rd quarter. Hanlon Investment Management Inc. now owns 18,847 shares of the company’s stock valued at $207,000 after buying an additional 2,457 shares during the last quarter. U S Global Investors Inc. acquired a new position in Coty in the 3rd quarter valued at $867,000. Finally, Asset Management One Co. Ltd. acquired a new position in Coty in the 3rd quarter valued at $319,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.