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

Shares of Coty Inc. (NYSE:COTY) have been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings 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 12-month price target among brokerages that have issued a report on the stock in the last year is $13.21.

Several brokerages have recently commented on COTY. Canaccord Genuity Group initiated coverage on Coty in a research report on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective on the stock. 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 on the stock. DA Davidson dropped their target price on shares of Coty from $17.50 to $16.50 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Citigroup reduced their price target on shares of Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Finally, Barclays decreased their target price on Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th.

Coty Price Performance

Shares of NYSE:COTY opened at $9.76 on Thursday. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 42.43, a price-to-earnings-growth ratio of 4.37 and a beta of 1.91. The business has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $11.52. Coty has a fifty-two week low of $9.02 and a fifty-two week high of $13.46. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80.

Coty (NYSE:COTY) last announced 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. On average, analysts expect that Coty will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several institutional investors and hedge funds have recently made changes to their positions in COTY. United Services Automobile Association lifted its holdings in shares of Coty by 4.1% in the 3rd quarter. United Services Automobile Association now owns 26,688 shares of the company’s stock valued at $293,000 after buying an additional 1,048 shares during the period. Securian Asset Management Inc. grew its stake in Coty by 4.2% in the 4th quarter. Securian Asset Management Inc. now owns 31,605 shares of the company’s stock valued at $393,000 after acquiring an additional 1,268 shares during the period. Federated Hermes Inc. raised its position in Coty by 4.2% during the fourth quarter. Federated Hermes Inc. now owns 46,244 shares of the company’s stock worth $574,000 after acquiring an additional 1,871 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Coty by 3.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock worth $789,000 after purchasing an additional 2,012 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in Coty by 4.9% in the 4th quarter. Xponance Inc. now owns 44,920 shares of the company’s stock worth $558,000 after buying an additional 2,105 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.