Coty Inc. (NYSE:COTY) Receives $13.21 Consensus Target Price from Brokerages

Shares of Coty Inc. (NYSE:COTY) have received an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.19.

Several equities research analysts have issued reports on COTY shares. Canaccord Genuity Group initiated coverage on shares of Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 price objective for the company. DA Davidson reiterated a “buy” rating and set a $17.50 target price on shares of Coty in a research note on Monday, April 8th. Citigroup reduced their price target on Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday. TD Cowen decreased their price objective on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, TheStreet raised Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th.

Insider Activity

In related news, Director Robert S. Singer sold 90,000 shares of the 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 sale, 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 accessible through this hyperlink. In other Coty news, Director Robert S. Singer sold 90,000 shares of the business’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 in the company, valued at $2,134,973.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was 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 $1,524,000. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Institutional Trading of Coty

Several large investors have recently bought and sold shares of COTY. Norden Group LLC acquired a new position in Coty during the first quarter worth about $146,000. State of Michigan Retirement System grew its holdings in shares of Coty by 2.7% during the 1st quarter. State of Michigan Retirement System now owns 92,298 shares of the company’s stock valued at $1,104,000 after purchasing an additional 2,400 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Coty by 78.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock valued at $37,972,000 after purchasing an additional 1,395,230 shares during the last quarter. Fulton Bank N.A. increased its position in Coty by 73.6% during the 1st quarter. Fulton Bank N.A. now owns 18,238 shares of the company’s stock worth $218,000 after purchasing an additional 7,730 shares in the last quarter. Finally, Compass Wealth Management LLC lifted its stake in Coty by 8.9% in the 1st quarter. Compass Wealth Management LLC now owns 496,325 shares of the company’s stock valued at $5,936,000 after purchasing an additional 40,550 shares during the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Up 1.0 %

COTY stock opened at $11.15 on Friday. Coty has a 1-year low of $9.02 and a 1-year high of $13.46. The business’s 50 day simple moving average is $11.94 and its 200 day simple moving average is $11.47. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $9.98 billion, a PE ratio of 31.86, a PEG ratio of 5.87 and a beta of 1.82.

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