Coty (NYSE:COTY) Now Covered by Canaccord Genuity Group

Analysts at Canaccord Genuity Group initiated coverage on shares of Coty (NYSE:COTY) in a research report issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $14.00 price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 29.27% from the company’s current price.

A number of other research analysts have also recently issued reports on COTY. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Coty in a report on Friday, February 9th. TD Cowen raised Coty from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $13.00 to $16.00 in a report on Thursday, February 22nd. TheStreet raised Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th. Barclays cut their price target on Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Finally, Wells Fargo & Company lifted their price target on Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coty presently has a consensus rating of “Hold” and a consensus price target of $13.36.

Coty Stock Up 3.1 %

Shares of NYSE COTY opened at $10.83 on Monday. The stock has a market cap of $9.69 billion, a PE ratio of 30.94, a PEG ratio of 5.81 and a beta of 1.82. The business has a fifty day moving average of $12.01 and a two-hundred day moving average of $11.48. Coty has a 52-week low of $9.02 and a 52-week high of $13.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Coty had a return on equity of 11.91% and a net margin of 5.39%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $0.22 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts expect that Coty will post 0.45 earnings per share for the current fiscal year.

Insider Transactions at Coty

In other 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 approximately $1,524,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other 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 approximately $1,524,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert S. Singer sold 90,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $12.56, for a total value of $1,130,400.00. Following the transaction, the director now owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank acquired a new position in shares of Coty in the 2nd quarter valued at approximately $150,000. BluePath Capital Management LLC acquired a new position in shares of Coty in the 3rd quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Coty in the 3rd quarter valued at approximately $31,000. Atlas Capital Advisors LLC acquired a new position in shares of Coty in the 2nd quarter valued at approximately $37,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Coty in the 2nd quarter valued at approximately $47,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.