Coty Inc. (NYSE:COTY) Receives $13.21 Average Target Price from Brokerages

Shares of Coty Inc. (NYSE:COTY) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.19.

Several analysts have recently weighed in on COTY shares. TheStreet upgraded shares of Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th. Canaccord Genuity Group started coverage on Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 target price on the stock. TD Cowen dropped their price target on Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup reduced their price objective on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company raised their price objective on Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, February 9th.

Insider Buying and Selling at Coty

In other news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 120,000 shares of the company’s stock, valued at $1,524,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Robert S. Singer sold 90,000 shares of the firm’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 sale, the director now directly owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On Coty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank bought a new position in shares of Coty during the second quarter valued at approximately $150,000. BluePath Capital Management LLC purchased a new position in Coty during the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Coty in the 3rd quarter worth about $31,000. Atlas Capital Advisors LLC purchased a new stake in shares of Coty in the 2nd quarter worth about $37,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Coty during the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

Coty stock opened at $11.15 on Friday. Coty has a 1-year low of $9.02 and a 1-year high of $13.46. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $9.98 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 5.87 and a beta of 1.82. The firm’s 50 day simple moving average is $11.94 and its 200 day simple moving average is $11.47.

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

Coty Company Profile

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.