Coty (NYSE:COTY) Given New $16.50 Price Target at DA Davidson

Coty (NYSE:COTY) had its price objective decreased by DA Davidson from $17.50 to $16.50 in a research report sent to investors on Tuesday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other research firms have also issued reports on COTY. Barclays reduced their target price on Coty from $13.00 to $12.00 and set an equal weight rating for the company in a report on Friday, April 12th. TD Cowen cut their target price on shares of Coty from $16.00 to $13.00 and set a buy rating for the company in a research report on Wednesday, April 17th. Wells Fargo & Company lifted their price objective on Coty from $11.00 to $12.00 and gave the company an equal weight rating in a research report on Friday, February 9th. Canaccord Genuity Group began coverage on shares of Coty in a report on Monday, April 15th. They set a buy rating and a $14.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a $14.00 target price on shares of Coty in a research report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $13.14.

Coty Stock Down 3.5 %

NYSE COTY opened at $11.10 on Tuesday. The company has a market capitalization of $9.94 billion, a P/E ratio of 31.72, a PEG ratio of 6.49 and a beta of 1.83. Coty has a 12 month low of $9.02 and a 12 month high of $13.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. The company’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $11.62.

Coty (NYSE:COTY) last announced its earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Coty had a return on equity of 11.91% and a net margin of 5.39%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share. Equities research analysts expect that Coty will post 0.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Coty

In related news, Director Robert S. Singer sold 90,000 shares of the company’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 completion of the sale, the director now owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert S. Singer sold 30,000 shares of the firm’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 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 available at the SEC website. Also, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. 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

A number of hedge funds and other institutional investors have recently made changes to their positions in COTY. United Services Automobile Association increased its holdings in Coty by 4.1% during the 3rd quarter. United Services Automobile Association now owns 26,688 shares of the company’s stock worth $293,000 after purchasing an additional 1,048 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Coty by 5.9% during the third quarter. Parkside Financial Bank & Trust now owns 18,833 shares of the company’s stock worth $207,000 after buying an additional 1,051 shares in the last quarter. Dorsey Wright & Associates raised its position in Coty by 0.4% in the 3rd quarter. Dorsey Wright & Associates now owns 296,868 shares of the company’s stock valued at $3,257,000 after buying an additional 1,103 shares during the last quarter. Securian Asset Management Inc. lifted its stake in Coty by 4.2% in the 4th quarter. Securian Asset Management Inc. now owns 31,605 shares of the company’s stock valued at $393,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Coty by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 109,268 shares of the company’s stock worth $1,199,000 after acquiring an additional 1,503 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.