Coty Inc. (NYSE:COTY) Receives Average Rating of “Hold” from Analysts

Shares of Coty Inc. (NYSE:COTY) have been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $13.14.

Several equities research analysts have issued reports on COTY shares. Citigroup lowered their target price on shares of Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. TD Cowen dropped their price objective on shares of Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 target price on shares of Coty in a research note on Friday, February 9th. DA Davidson dropped their price target on Coty from $17.50 to $16.50 and set a “buy” rating for the company in a research report on Tuesday. Finally, TheStreet upgraded Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th.

Insider Activity at Coty

In other Coty news, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction dated 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 sale, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Coty news, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction dated 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 transaction, the director now directly owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 30,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the sale, the director now directly owns 120,000 shares in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Coty

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Coty by 12.1% during the third quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock worth $430,920,000 after acquiring an additional 4,245,039 shares during the period. SG Americas Securities LLC raised its position in Coty by 33.9% in the 4th quarter. SG Americas Securities LLC now owns 57,652 shares of the company’s stock valued at $716,000 after purchasing an additional 14,584 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Coty by 53.8% in the 4th quarter. Retirement Systems of Alabama now owns 687,744 shares of the company’s stock valued at $8,542,000 after buying an additional 240,524 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Coty by 29.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,707,372 shares of the company’s stock worth $18,729,000 after buying an additional 385,290 shares during the period. Finally, Integrated Advisors Network LLC raised its holdings in Coty by 76.9% in the third quarter. Integrated Advisors Network LLC now owns 323,296 shares of the company’s stock valued at $3,547,000 after acquiring an additional 140,555 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Stock Down 3.5 %

COTY stock opened at $11.10 on Wednesday. Coty has a 52 week low of $9.02 and a 52 week high of $13.46. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. The firm has a 50-day simple moving average of $11.72 and a 200-day simple moving average of $11.62. The stock has a market capitalization of $9.94 billion, a P/E ratio of 31.72, a P/E/G ratio of 6.49 and a beta of 1.83.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Coty had a return on equity of 11.91% and a net margin of 5.39%. Coty’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. Equities analysts forecast that Coty will post 0.45 earnings per share for the current fiscal year.

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.