Coty (NYSE:COTY) Price Target Lowered to $12.00 at Citigroup

Coty (NYSE:COTY) had its price objective lowered by Citigroup from $13.00 to $12.00 in a research report sent to investors on Tuesday morning, MarketBeat reports. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. TD Cowen upgraded shares of Coty from a market perform rating to an outperform rating and increased their target price for the stock from $13.00 to $16.00 in a research note on Thursday, February 22nd. Barclays reduced their price objective on shares of Coty from $13.00 to $12.00 and set an equal weight rating for the company in a research report on Friday, April 12th. Royal Bank of Canada restated an outperform rating and issued a $14.00 price objective on shares of Coty in a research report on Friday, February 9th. Wells Fargo & Company raised their price objective on shares of Coty from $11.00 to $12.00 and gave the company an equal weight rating in a research report on Friday, February 9th. Finally, Canaccord Genuity Group initiated coverage on shares of Coty in a research report on Monday. They issued a buy rating and a $14.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $13.36.

Coty Price Performance

Shares of COTY opened at $10.83 on Tuesday. Coty has a fifty-two week low of $9.02 and a fifty-two week high of $13.46. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 30.94, a price-to-earnings-growth ratio of 5.81 and a beta of 1.82. The firm has a 50-day simple moving average of $12.01 and a 200-day simple moving average of $11.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. Coty had a net margin of 5.39% and a return on equity of 11.91%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts anticipate that Coty will post 0.45 earnings per share for the current year.

Insider Buying and Selling at Coty

In other news, Director Robert S. Singer sold 90,000 shares of the firm’s 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 of the company’s stock, valued at approximately $2,134,973.92. The sale was disclosed in a filing with the SEC, 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 that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the completion of the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now directly owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. United Services Automobile Association boosted its position in Coty by 4.1% during the third quarter. United Services Automobile Association now owns 26,688 shares of the company’s stock worth $293,000 after acquiring an additional 1,048 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in 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 acquiring an additional 1,051 shares during the last quarter. Dorsey Wright & Associates boosted its position in Coty by 0.4% during the third quarter. Dorsey Wright & Associates now owns 296,868 shares of the company’s stock worth $3,257,000 after acquiring an additional 1,103 shares during the last quarter. Comerica Bank acquired a new stake in Coty during the second quarter worth approximately $150,000. Finally, Securian Asset Management Inc. boosted its position in Coty by 4.2% during the fourth quarter. Securian Asset Management Inc. now owns 31,605 shares of the company’s stock worth $393,000 after acquiring an additional 1,268 shares during the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

About Coty

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.