Coty (NYSE:COTY) PT Lowered to $11.00

Coty (NYSE:COTYGet Rating) had its price objective reduced by research analysts at Deutsche Bank Aktiengesellschaft from $12.00 to $11.00 in a report released on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 63.20% from the company’s current price.

A number of other analysts have also commented on COTY. Raymond James lowered their price objective on Coty from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Monday, April 18th. JPMorgan Chase & Co. lowered their price objective on Coty from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, March 30th. StockNews.com upgraded Coty from a “hold” rating to a “buy” rating in a research report on Saturday, April 30th. Morgan Stanley lifted their price objective on Coty from $8.25 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 18th. Finally, Zacks Investment Research upgraded Coty from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday, January 20th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $11.39.

Shares of NYSE:COTY opened at $6.74 on Tuesday. Coty has a twelve month low of $6.57 and a twelve month high of $11.12. The firm has a market cap of $5.52 billion, a PE ratio of 96.29 and a beta of 2.37. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.55 and a current ratio of 0.75. The business has a fifty day moving average of $8.44 and a 200-day moving average of $9.14.

Coty (NYSE:COTYGet Rating) last announced its earnings results on Monday, May 9th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Coty had a return on equity of 6.43% and a net margin of 2.69%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts anticipate that Coty will post 0.26 EPS for the current fiscal year.

In other news, Director Beatrice Ballini bought 7,000 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were bought at an average cost of $7.87 per share, for a total transaction of $55,090.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sue Nabi bought 4,786 shares of the business’s stock in a transaction on Thursday, March 10th. The stock was purchased at an average price of $8.00 per share, for a total transaction of $38,288.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 37,692 shares of company stock worth $290,907. Company insiders own 3.10% of the company’s stock.

Hedge funds have recently modified their holdings of the company. DCM Advisors LLC grew its position in Coty by 37.0% in the first quarter. DCM Advisors LLC now owns 84,056 shares of the company’s stock valued at $756,000 after purchasing an additional 22,687 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Coty by 2.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 57,117 shares of the company’s stock valued at $513,000 after purchasing an additional 1,489 shares in the last quarter. Principal Financial Group Inc. grew its position in Coty by 2.5% in the first quarter. Principal Financial Group Inc. now owns 1,169,694 shares of the company’s stock valued at $10,516,000 after purchasing an additional 29,017 shares in the last quarter. Swiss National Bank grew its position in Coty by 14.5% in the first quarter. Swiss National Bank now owns 774,101 shares of the company’s stock valued at $6,959,000 after purchasing an additional 98,000 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Coty by 12.9% in the first quarter. Teacher Retirement System of Texas now owns 67,247 shares of the company’s stock valued at $605,000 after purchasing an additional 7,670 shares in the last quarter. 37.60% of the stock is owned by institutional investors.

About Coty (Get Rating)

Coty Inc, together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co brands.

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