Coty Inc. (NYSE:COTY) Given Consensus Recommendation of “Hold” by Analysts

Coty Inc. (NYSE:COTY) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $13.21.

COTY has been the topic of a number of recent analyst reports. TheStreet raised Coty from a “c+” rating to a “b-” rating in a research note on Thursday, February 8th. DA Davidson reiterated a “buy” rating and set a $17.50 price target on shares of Coty in a research report on Monday, April 8th. Barclays decreased their price objective on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coty in a research note on Friday, February 9th. Finally, TD Cowen raised shares of Coty from a “market perform” rating to an “outperform” rating and increased their price target for the company from $13.00 to $16.00 in a research note on Thursday, February 22nd.

Insider Activity

In related news, Director Robert S. Singer sold 30,000 shares of Coty 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 transaction, the director now owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction of $1,130,400.00. Following the transaction, the director now owns 169,982 shares in the company, valued at approximately $2,134,973.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert S. Singer sold 30,000 shares of Coty 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 in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coty

Several institutional investors have recently added to or reduced their stakes in the stock. BluePath Capital Management LLC acquired a new position in Coty during the third quarter worth $29,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Coty during the 3rd quarter worth about $31,000. Atlas Capital Advisors LLC bought a new position in shares of Coty in the 2nd quarter valued at about $37,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Coty in the second quarter valued at about $47,000. Finally, US Bancorp DE increased its position in shares of Coty by 59.8% in the fourth quarter. US Bancorp DE now owns 5,950 shares of the company’s stock valued at $74,000 after acquiring an additional 2,226 shares during the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Stock Down 4.9 %

Shares of NYSE:COTY opened at $10.52 on Friday. The company has a market capitalization of $9.42 billion, a PE ratio of 30.06, a P/E/G ratio of 6.16 and a beta of 1.82. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85. The company’s fifty day moving average is $12.05 and its 200-day moving average is $11.48. Coty has a 52 week low of $9.02 and a 52 week high of $13.46.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Coty had a net margin of 5.39% and a return on equity of 11.91%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts predict that Coty will post 0.45 earnings per share for the current fiscal year.

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.