DA Davidson Reiterates Buy Rating for Coty (NYSE:COTY)

Coty (NYSE:COTY)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They currently have a $12.50 target price on the stock. DA Davidson’s price objective suggests a potential upside of 70.88% from the company’s current price.

COTY has been the topic of several other reports. Raymond James reduced their price objective on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Barclays cut shares of Coty from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. Citigroup lowered their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Stifel Nicolaus reduced their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Coty currently has an average rating of “Moderate Buy” and a consensus price target of $11.41.

Coty Stock Performance

Shares of COTY opened at $7.32 on Wednesday. Coty has a 12-month low of $6.93 and a 12-month high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.36 billion, a PE ratio of 43.03, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89. The stock has a 50-day moving average price of $7.63 and a 200-day moving average price of $8.91.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, equities analysts forecast that Coty will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

Large investors have recently made changes to their positions in the business. Banco Santander S.A. grew its position in shares of Coty by 0.3% during the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock worth $217,029,000 after purchasing an additional 79,180 shares in the last quarter. State Street Corp boosted its stake in Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after purchasing an additional 251,964 shares during the period. Dimensional Fund Advisors LP grew its holdings in Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after buying an additional 890,626 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Coty by 11.3% during the third quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after buying an additional 656,952 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after buying an additional 1,687,045 shares during the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.