Coty’s (COTY) Buy Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of Coty (NYSE:COTY) in a report published on Thursday,Benzinga reports. The brokerage currently has a $12.50 price target on the stock.

COTY has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Jefferies Financial Group reduced their target price on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Raymond James lowered their price target on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. TD Cowen cut Coty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Finally, Citigroup decreased their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.24.

Coty Stock Up 0.8 %

Coty stock opened at $6.85 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The stock has a market capitalization of $5.95 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 0.78 and a beta of 1.89. The business has a 50 day simple moving average of $7.20 and a 200-day simple moving average of $8.18. Coty has a 12 month low of $6.59 and a 12 month high of $13.30.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. Coty’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, analysts anticipate that Coty will post 0.5 EPS for the current fiscal year.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB grew its position in Coty by 24.3% in the third quarter. Handelsbanken Fonder AB now owns 113,900 shares of the company’s stock worth $1,070,000 after acquiring an additional 22,300 shares during the period. Fulton Bank N.A. grew its holdings in shares of Coty by 16.1% during the 3rd quarter. Fulton Bank N.A. now owns 26,214 shares of the company’s stock worth $246,000 after purchasing an additional 3,636 shares during the period. Covea Finance increased its position in shares of Coty by 52.2% during the 3rd quarter. Covea Finance now owns 175,000 shares of the company’s stock worth $1,643,000 after purchasing an additional 60,000 shares during the last quarter. Compass Wealth Management LLC raised its holdings in Coty by 12.6% in the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after buying an additional 65,900 shares during the period. Finally, Blue Trust Inc. lifted its position in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after buying an additional 2,385 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

About Coty

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.