Coty’s (COTY) Buy Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Coty (NYSE:COTY) in a research report released on Monday, Benzinga reports. The firm currently has a $17.50 price objective on the stock.

Other equities analysts also recently issued reports about the company. TD Cowen dropped their target price on Coty from $16.00 to $13.00 and set a buy rating for the company in a research report on Wednesday, April 17th. Canaccord Genuity Group assumed coverage on Coty in a research report on Monday, April 15th. They issued a buy rating and a $14.00 target price for the company. TheStreet upgraded Coty from a c+ rating to a b- rating in a research report on Thursday, February 8th. Barclays dropped their target price on Coty from $13.00 to $12.00 and set an equal weight rating for the company in a research report on Friday, April 12th. Finally, Citigroup dropped their target price on Coty from $13.00 to $12.00 and set a neutral rating for the company in a research report on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $13.19.

Coty Price Performance

Shares of COTY stock opened at $11.28 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. Coty has a twelve month low of $9.02 and a twelve month high of $13.46. The company has a market cap of $10.10 billion, a P/E ratio of 32.23, a P/E/G ratio of 6.17 and a beta of 1.82. The business has a fifty day simple moving average of $11.92 and a 200 day simple moving average of $11.50.

Coty (NYSE:COTY) last announced its quarterly earnings data 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 return on equity of 11.91% and a net margin of 5.39%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $0.22 EPS. Coty’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts forecast that Coty will post 0.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coty news, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.56, for a total value of $1,130,400.00. Following the completion of the sale, the director now directly owns 169,982 shares in the company, valued at $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 90,000 shares of the business’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 completion of the sale, the director now owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert S. Singer sold 30,000 shares of the business’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 value of $381,000.00. Following the sale, the director now owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. 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 stock. SG Americas Securities LLC raised its stake in shares of Coty by 132.4% during the 3rd quarter. SG Americas Securities LLC now owns 43,068 shares of the company’s stock valued at $472,000 after purchasing an additional 24,536 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Coty by 14.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 178,693 shares of the company’s stock valued at $1,960,000 after purchasing an additional 22,936 shares during the period. Hanlon Investment Management Inc. raised its stake in shares of Coty by 15.0% during the 3rd quarter. Hanlon Investment Management Inc. now owns 18,847 shares of the company’s stock valued at $207,000 after purchasing an additional 2,457 shares during the period. U S Global Investors Inc. bought a new stake in shares of Coty during the 3rd quarter valued at $867,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Coty during the 3rd quarter valued at $319,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Company Profile

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.