Coty Inc. (NYSE:COTY) Given Average Rating of “Hold” by Analysts
Coty Inc. (NYSE:COTY) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.73.
Several brokerages have issued reports on COTY. B. Riley reissued a “sell” rating and set a $21.50 target price on shares of Coty in a research note on Monday, August 22nd. Zacks Investment Research raised shares of Coty from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research note on Friday, August 19th. Citigroup Inc. boosted their target price on shares of Coty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Deutsche Bank AG reissued a “buy” rating and set a $32.00 target price on shares of Coty in a research note on Thursday, August 18th. Finally, Barclays PLC reissued a “hold” rating on shares of Coty in a research note on Saturday, July 9th.
Coty (NYSE:COTY) traded down 2.46% on Monday, reaching $23.03. The company’s stock had a trading volume of 17,876,455 shares. Coty has a 1-year low of $21.48 and a 1-year high of $31.60. The stock has a 50 day moving average price of $25.20 and a 200-day moving average price of $26.82. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 52.34 and a beta of 0.42.
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Coty (NYSE:COTY) last announced its earnings results on Tuesday, August 16th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. Coty had a net margin of 3.61% and a return on equity of 80.72%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.08 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Equities analysts predict that Coty will post $1.11 earnings per share for the current fiscal year.
In other Coty news, major shareholder Cosmetics B.V. Jab acquired 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average cost of $26.89 per share, for a total transaction of $2,016,750.00. Following the completion of the acquisition, the insider now owns 6,469,861 shares of the company’s stock, valued at approximately $173,974,562.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.10% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in shares of Coty by 4.9% in the first quarter. Legal & General Group Plc now owns 4,443 shares of the company’s stock worth $124,000 after buying an additional 207 shares in the last quarter. Stifel Financial Corp raised its position in shares of Coty by 2.3% in the second quarter. Stifel Financial Corp now owns 9,405 shares of the company’s stock worth $245,000 after buying an additional 212 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Coty by 5.6% in the second quarter. Victory Capital Management Inc. now owns 16,797 shares of the company’s stock worth $437,000 after buying an additional 892 shares in the last quarter. BlackRock Inc. raised its position in shares of Coty by 17.0% in the second quarter. BlackRock Inc. now owns 10,177 shares of the company’s stock worth $265,000 after buying an additional 1,481 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Coty by 2.2% in the second quarter. OMERS ADMINISTRATION Corp now owns 153,100 shares of the company’s stock worth $3,979,000 after buying an additional 3,300 shares in the last quarter. Institutional investors own 17.44% of the company’s stock.
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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