Coty Inc. (COTY) Receives Buy Rating from Stifel Nicolaus
A number of other research analysts have also recently weighed in on COTY. B. Riley reaffirmed a sell rating and issued a $21.50 price objective on shares of Coty in a report on Monday, August 22nd. Barclays PLC reaffirmed a hold rating on shares of Coty in a report on Saturday, July 9th. Citigroup Inc. lifted their price objective on shares of Coty from $28.00 to $30.00 and gave the company a neutral rating in a report on Thursday, August 25th. Finally, Zacks Investment Research raised shares of Coty from a hold rating to a buy rating and set a $30.00 price objective for the company in a report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Coty has an average rating of Hold and a consensus target price of $27.75.
Coty (NYSE:COTY) traded down 0.662% during midday trading on Tuesday, hitting $23.275. The stock had a trading volume of 1,291,297 shares. The firm has a market capitalization of $7.82 billion, a P/E ratio of 52.898 and a beta of 0.41. The firm has a 50-day moving average of $24.25 and a 200 day moving average of $26.61. Coty has a 52-week low of $21.48 and a 52-week high of $31.60.
Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, August 16th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.07. Coty had a net margin of 3.61% and a return on equity of 80.72%. The business earned $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Coty will post $1.11 EPS for the current year.
In other Coty news, major shareholder Cosmetics B.V. Jab purchased 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of $26.89 per share, for a total transaction of $2,016,750.00. Following the purchase, the insider now directly owns 6,469,861 shares in the company, valued at $173,974,562.29. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of COTY. Globeflex Capital L P purchased a new stake in Coty during the second quarter valued at approximately $156,000. FDx Advisors Inc. purchased a new stake in Coty during the second quarter valued at approximately $205,000. BlackRock Inc. boosted its stake in Coty by 324.8% in the first quarter. BlackRock Inc. now owns 8,696 shares of the company’s stock valued at $242,000 after buying an additional 6,649 shares during the period. Stifel Financial Corp boosted its stake in Coty by 2.3% in the second quarter. Stifel Financial Corp now owns 9,405 shares of the company’s stock valued at $245,000 after buying an additional 212 shares during the period. Finally, KCG Holdings Inc. purchased a new stake in Coty during the second quarter valued at approximately $273,000. Hedge funds and other institutional investors own 17.50% of the company’s stock.
Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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