Coty Inc. (NYSE:COTY – Get Rating) – Equities researchers at Zacks Research lifted their FY2023 earnings estimates for Coty in a note issued to investors on Tuesday, May 23rd. Zacks Research analyst V. Bagree now anticipates that the company will earn $0.53 per share for the year, up from their previous estimate of $0.36. The consensus estimate for Coty’s current full-year earnings is $0.54 per share.
Several other research analysts also recently commented on the stock. Wells Fargo & Company raised their price target on shares of Coty from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coty from $12.00 to $13.00 in a research note on Tuesday, May 2nd. Barclays increased their target price on shares of Coty from $11.00 to $12.00 in a report on Thursday, May 11th. Raymond James increased their target price on shares of Coty from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, April 20th. Finally, StockNews.com upgraded shares of Coty from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Coty has a consensus rating of “Moderate Buy” and a consensus target price of $12.44.
Coty Trading Up 0.5 %
Coty (NYSE:COTY – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.03 by $0.16. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.23 billion. Coty had a net margin of 3.55% and a return on equity of 12.81%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS.
Institutional Trading of Coty
A number of institutional investors have recently modified their holdings of COTY. Compagnie Lombard Odier SCmA grew its position in Coty by 72.0% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,389 shares of the company’s stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. Quadrant Capital Group LLC grew its position in Coty by 165.1% during the 4th quarter. Quadrant Capital Group LLC now owns 4,541 shares of the company’s stock worth $39,000 after purchasing an additional 2,828 shares during the last quarter. CWM LLC grew its position in Coty by 197.8% during the 4th quarter. CWM LLC now owns 4,681 shares of the company’s stock worth $40,000 after purchasing an additional 3,109 shares during the last quarter. National Bank of Canada FI purchased a new stake in Coty during the 1st quarter worth approximately $67,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Coty during the 1st quarter worth approximately $96,000. 37.10% of the stock is currently owned by institutional investors.
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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