Coty (NYSE:COTY) PT Lowered to $12.00

Coty (NYSE:COTY) had its target price decreased by Citigroup from $13.00 to $12.00 in a report issued on Tuesday morning, MarketBeat reports. Citigroup currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. TheStreet upgraded shares of Coty from a c+ rating to a b- rating in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed an outperform rating and issued a $14.00 price objective on shares of Coty in a research note on Friday, February 9th. Canaccord Genuity Group initiated coverage on shares of Coty in a research report on Monday. They set a buy rating and a $14.00 price objective on the stock. TD Cowen raised shares of Coty from a market perform rating to an outperform rating and upped their target price for the stock from $13.00 to $16.00 in a report on Thursday, February 22nd. Finally, Barclays cut their price target on Coty from $13.00 to $12.00 and set an equal weight rating for the company in a research note on Friday, April 12th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $13.19.

Coty Stock Up 4.0 %

Shares of Coty stock opened at $11.05 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. Coty has a twelve month low of $9.02 and a twelve month high of $13.46. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 5.98 and a beta of 1.82. The company’s 50 day moving average is $11.95 and its 200 day moving average is $11.47.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Coty had a return on equity of 11.91% and a net margin of 5.39%. Coty’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Research analysts anticipate that Coty will post 0.45 EPS for the current year.

Insider Buying and Selling at Coty

In other news, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the sale, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the sale, 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 can be accessed through this link. Also, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now directly owns 169,982 shares in the company, valued at $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coty

Several institutional investors and hedge funds have recently made changes to their positions in COTY. State of Michigan Retirement System increased its holdings in Coty by 2.7% during the 1st quarter. State of Michigan Retirement System now owns 92,298 shares of the company’s stock valued at $1,104,000 after acquiring an additional 2,400 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Coty by 78.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock valued at $37,972,000 after buying an additional 1,395,230 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of Coty by 73.6% in the first quarter. Fulton Bank N.A. now owns 18,238 shares of the company’s stock valued at $218,000 after acquiring an additional 7,730 shares in the last quarter. Compass Wealth Management LLC lifted its position in shares of Coty by 8.9% in the first quarter. Compass Wealth Management LLC now owns 496,325 shares of the company’s stock valued at $5,936,000 after acquiring an additional 40,550 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Coty during the fourth quarter valued at $1,533,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.