Coty Inc. (NYSE:COTY – Get Rating) was the target of some unusual options trading activity on Monday. Traders bought 14,428 put options on the stock. This represents an increase of 140% compared to the typical daily volume of 6,010 put options.
Analyst Upgrades and Downgrades
COTY has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and set a $13.00 price target on shares of Coty in a report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Coty from $12.00 to $13.00 in a research report on Tuesday, May 2nd. 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. Piper Sandler increased their target price on shares of Coty from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, March 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Coty from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, February 13th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.39.
Institutional Trading of Coty
Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Coty by 21.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,340 shares of the company’s stock worth $716,000 after purchasing an additional 10,385 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in Coty in the 1st quarter valued at about $2,156,000. Hardman Johnston Global Advisors LLC grew its stake in Coty by 113.7% in the 1st quarter. Hardman Johnston Global Advisors LLC now owns 2,496,500 shares of the company’s stock valued at $30,108,000 after buying an additional 1,328,210 shares during the last quarter. Ranger Investment Management L.P. acquired a new position in Coty in the 1st quarter valued at about $19,554,000. Finally, Artemis Investment Management LLP acquired a new position in Coty in the 1st quarter valued at about $24,283,000. Institutional investors and hedge funds own 37.10% of the company’s stock.
Coty Stock Performance
Coty (NYSE:COTY – Get Rating) last released its earnings results on Wednesday, February 8th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. Coty had a net margin of 2.51% and a return on equity of 8.83%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business earned $0.17 EPS. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. Sell-side analysts predict that Coty will post 0.37 earnings per share for the current fiscal year.
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.
- Get a free copy of the StockNews.com research report on Coty (COTY)
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