Coty (NYSE:COTY) PT Lowered to $16.50

Coty (NYSE:COTY) had its price target reduced by equities researchers at DA Davidson from $17.50 to $16.50 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price target indicates a potential upside of 51.58% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. TD Cowen lowered their target price on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price objective on shares of Coty in a report on Friday, February 9th. Canaccord Genuity Group initiated coverage on shares of Coty in a report on Monday, April 15th. They set a “buy” rating and a $14.00 target price for the company. TheStreet upgraded shares of Coty from a “c+” rating to a “b-” rating in a research note on Thursday, February 8th. Finally, Barclays reduced their price objective on Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.14.

Coty Price Performance

COTY opened at $10.89 on Tuesday. The company’s 50-day simple moving average is $11.68 and its two-hundred day simple moving average is $11.61. Coty has a 52-week low of $9.02 and a 52-week high of $13.46. The stock has a market capitalization of $9.74 billion, a P/E ratio of 47.33, a P/E/G ratio of 6.49 and a beta of 1.83. 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 issued its earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.39 billion during 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%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. As a group, analysts predict that Coty will post 0.45 EPS for the current year.

Insider Buying and Selling at Coty

In other Coty news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,524,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Robert S. Singer sold 30,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,524,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Singer sold 90,000 shares of the firm’s stock in a transaction 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 $2,134,973.92. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

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

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.