Coty Inc. (NYSE:COTY) Receives Consensus Rating of “Hold” from Brokerages

Coty Inc. (NYSE:COTY) has earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $13.14.

A number of research analysts have weighed in on COTY shares. DA Davidson dropped their target price on shares of Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a research note on Tuesday. Barclays reduced their price objective on Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Canaccord Genuity Group assumed coverage on Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 target price on the stock. TD Cowen cut their price target on Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Canaccord Genuity Group assumed coverage on Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective on the stock.

Coty Stock Down 3.5 %

COTY opened at $11.10 on Wednesday. Coty has a fifty-two week low of $9.02 and a fifty-two week 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. The company’s 50-day moving average is $11.72 and its 200 day moving average is $11.62. The firm has a market capitalization of $9.94 billion, a P/E ratio of 31.72, a PEG ratio of 6.49 and a beta of 1.83.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. Research analysts expect that Coty will post 0.45 earnings per share for the current fiscal year.

Insider Transactions at Coty

In related news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was 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 directly owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other 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 transaction of $1,130,400.00. Following the sale, the director now owns 169,982 shares in the company, valued at approximately $2,134,973.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the sale, the director now directly owns 120,000 shares of the company’s stock, valued at $1,524,000. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On Coty

Several hedge funds have recently added to or reduced their stakes in COTY. Vanguard Group Inc. raised its holdings in shares of Coty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock valued at $494,022,000 after buying an additional 494,639 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Coty by 0.9% in the 4th quarter. Clearbridge Investments LLC now owns 14,745,121 shares of the company’s stock worth $183,134,000 after acquiring an additional 136,292 shares during the last quarter. FIL Ltd boosted its stake in shares of Coty by 10.6% in the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock valued at $178,171,000 after purchasing an additional 1,375,857 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Coty by 3.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,060,293 shares of the company’s stock valued at $121,331,000 after purchasing an additional 406,769 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Coty by 9.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,130,447 shares of the company’s stock worth $100,985,000 after purchasing an additional 709,238 shares during the period. Institutional investors own 42.36% of the company’s stock.

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.