Coty (NYSE:COTY) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Coty (NYSE:COTY – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Raymond James boosted their price objective on shares of Coty from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. JPMorgan Chase & Co. upped their price target on shares of Coty from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, February 13th. Citigroup initiated coverage on shares of Coty in a research report on Thursday, February 16th. They issued a “neutral” rating and a $15.00 price target for the company. Wells Fargo & Company increased their target price on shares of Coty from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Coty from $11.00 to $12.00 in a research report on Thursday, February 9th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.84.

Coty Stock Down 1.8 %

Coty stock opened at $10.78 on Thursday. The stock’s fifty day moving average is $10.42 and its two-hundred day moving average is $8.48. The stock has a market cap of $9.19 billion, a PE ratio of 77.00, a P/E/G ratio of 2.02 and a beta of 1.86. Coty has a 1-year low of $5.90 and a 1-year high of $11.65. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.65 and a quick ratio of 0.41.

Coty (NYSE:COTY – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Coty had a return on equity of 8.83% and a net margin of 2.51%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $0.17 earnings per share. On average, sell-side analysts expect that Coty will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its holdings in Coty by 165.1% during the 4th quarter. Quadrant Capital Group LLC now owns 4,541 shares of the company’s stock valued at $39,000 after purchasing an additional 2,828 shares during the last quarter. CWM LLC lifted its holdings in Coty by 197.8% during the 4th quarter. CWM LLC now owns 4,681 shares of the company’s stock valued at $40,000 after purchasing an additional 3,109 shares during the last quarter. Black Swift Group LLC bought a new position in Coty during the 3rd quarter valued at about $63,000. Lazard Asset Management LLC lifted its holdings in Coty by 335.5% during the 3rd quarter. Lazard Asset Management LLC now owns 10,840 shares of the company’s stock valued at $68,000 after purchasing an additional 8,351 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Coty by 126.2% during the 1st quarter. Captrust Financial Advisors now owns 8,400 shares of the company’s stock valued at $76,000 after purchasing an additional 4,686 shares during the last quarter. 37.10% of the stock is owned by institutional investors.

About Coty

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.