Coty Inc. (COTY) Receives Consensus Recommendation of “Hold” from Analysts
Coty Inc. (NYSE:COTY) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $27.11.
Several equities research analysts have issued reports on the stock. B. Riley reaffirmed a “sell” rating and set a $21.50 price target on shares of Coty in a research note on Monday, August 22nd. Zacks Investment Research raised shares of Coty from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research report on Friday, August 19th. Citigroup Inc. raised their target price on shares of Coty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, August 25th. Deutsche Bank AG reissued a “buy” rating and issued a $32.00 target price on shares of Coty in a research report on Thursday, August 18th. Finally, Bank of America Corp. set a $29.00 target price on shares of Coty and gave the stock a “hold” rating in a research report on Wednesday, August 31st.
In other news, Director Lambertus J.H. Becht sold 3,314 shares of Coty stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $18.14, for a total transaction of $60,115.96. Following the sale, the director now owns 1,022,500 shares in the company, valued at $18,548,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Cosmetics B.V. Jab acquired 525,000 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were purchased at an average price of $27.66 per share, for a total transaction of $14,521,500.00. Following the purchase, the insider now directly owns 8,355,671 shares of the company’s stock, valued at $231,117,859.86. The disclosure for this purchase can be found here. Insiders own 16.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Globeflex Capital L P purchased a new stake in Coty during the second quarter worth about $156,000. FDx Advisors Inc. purchased a new stake in Coty during the second quarter worth about $205,000. BlackRock Inc. raised its stake in Coty by 324.8% in the first quarter. BlackRock Inc. now owns 8,696 shares of the company’s stock worth $242,000 after buying an additional 6,649 shares in the last quarter. Stifel Financial Corp raised its stake in Coty by 2.3% in the second quarter. Stifel Financial Corp now owns 9,405 shares of the company’s stock worth $245,000 after buying an additional 212 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new stake in Coty during the second quarter worth about $273,000. Institutional investors own 24.55% of the company’s stock.
Coty (NYSE:COTY) opened at 18.75 on Monday. Coty has a 12-month low of $17.97 and a 12-month high of $31.60. The firm has a market cap of $13.99 billion, a PE ratio of 215.52 and a beta of 0.43. The firm’s 50-day moving average is $22.26 and its 200 day moving average is $25.38.
Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.10. Coty had a return on equity of 77.02% and a net margin of 0.72%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business earned $0.59 earnings per share. Coty’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts predict that Coty will post $0.93 EPS for the current year.
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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